Should AT&T Merge With Subsidiary Superclick? Board Goes For Vote Next Week
Yesterday two independent proxy advisory services, ISS & Glass Lewis, have recommended that Superclick merge with its parent company AT&T, and will now move forward with a board vote on January 18, 2012.
In their support of the proposed merger, ISS concluded, “Based on a review of the transaction above, including the sale process, which included a market check in which approximately 50 parties were contacted, the 11.67 percent premium to the unaffected price, and the all-cash form of the merger consideration, which provides certainty of value, a vote FOR this proposal is warranted.”
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