MOZ Shareholders Should For For the Acquisition......according to Independent proxy firms ISS and Glass Lewis..
ISS: “Vote FOR this resolution as the strategic rationale makes sense, the merger consideration represents a significant premium to the unaffected price, the special committee engaged in a credible process, and nonapproval risk remains elevated.”
Glass Lewis: “All told, we believe the board has presented a sufficient case to support its view that the strategic opportunity presented by the proposed merger is attractive. We highlight that the combined company is expected to benefit from geographical diversification, economies of scale, peer leading production growth and enhanced market presence, among other potential benefits, as well as that the implied value of the merger consideration offers meaningful premiums.”
ISS and Glass Lewis are reputable proxy advisors IMO, so I suspect this deal is in fact in the best interest of MOZ shareholders. However, it says nothing about whether MOZ has been mismanaged in the past or not - just that MOZ shareholders should take the deal and move on. Thus, I suspect things are worse at present than some MOZ investors may have thought.