Advisory firmsUnlike some would have you believe, apparently ISS and Glass Lewis are considered two leading proxy advisory firms..................................................................vote yellow.
Proxy Advisory Firms Recommend Approval of ONEOK's and ONEOK Partners' Proposed Merger Transaction OKE,
OKS | 5 hours ago
PR Newswire
TULSA, Okla., June 22, 2017
TULSA, Okla., June 22, 2017 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) today announced that
two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., have recommended votes in favor of the proposed merger transaction between ONEOK and ONEOK Partners.
Under the proposed merger transaction announced Feb. 1, 2017, ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own.
A special committee of the ONEOK board of directors, the ONEOK Partners conflicts committee and the ONEOK Partners board of directors have each unanimously approved the merger agreement, and shareholder and unitholder voting related to the transaction is currently underway. Separate special meetings of ONEOK shareholders and ONEOK Partners unitholders will be held at 9 a.m. CDT and 10 a.m. CDT, respectively, on June 30, 2017, to vote on the proposed merger transaction. Shareholders and unitholders of record at the close of business May 19, 2017, are entitled to vote at their respective special meeting.
"The support of these two leading advisory firms underscores the value this transaction is expected to provide to both ONEOK shareholders and ONEOK Partners unitholders," said Terry K. Spencer, president and chief executive officer of ONEOK and ONEOK Partners.
Read more at https://www.stockhouse.com/news/press-releases/2017/06/22/proxy-advisory-firms-recommend-approval-of-oneok-s-and-oneok-partners-proposed#R3EK0SwpMqKSECXH.99
Cheers.