OTCPK:ICPVF - Post by User
Comment by
Oldfart74on Jul 23, 2021 5:18pm
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Post# 33597544
RE:Glass Lewis
RE:Glass Lewis
TheBridge wrote: Out of the goodness of their hearts Glass Lewis needed to let everyone know that they support Brookefield's offer over that of PPL. I'm certain that they don't stand to benefit in some way if IPL goes to Brookfield, no it's just out the concern for everyone else that they would come out with their proclaimation. There just might be a few more snakes coming out of the grass as this process nears it end. so be weary.
It is obvious that you have no idea of the business of Glass Lewis. They are a large independent proxy advisory firm with in excess of 1,300 clients who are institutional investors such as pension plans and mutual funds. Their business is to provide advice to their clients in situations such as this. The idea that they would receive some benefit from Brookfield for their recommendation is preposterous.
Incidentally, the largest independent proxy advisory firm, Independent Shareholer Services (ISS), also recommended the Brookfield bid to its clients.