Monday, April 9, 2007

Proxy firm urges Genesis investors to reject deal

(Reuters) - Genesis, which agreed in January to be acquired by Formation Capital LLC and JER Partners for $63 per share, said it strongly disagreed with ISS's recommendation.

"In recommending a vote against the proposal, ISS is asking shareholders to forego the certainty of a $63 all-cash offer for the uncertainty of an unknown alternative," Genesis said in a statement.


Read more at Reuters.com Mergers News

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