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Article: ISS Recommends Shareholders Reject Anti-Takeover Proposals at Eight Steel Partners Japan Portfolio Companies, including Yushiro Chemical, Nissin Food, Shofu and House Foods.
- Article from:
- Business Wire
- Article date:
- June 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO -- Steel Partners Japan Strategic Fund (Offshore), L.P. ("SPJSF") today announced that Institutional Shareholder Services Inc. ("ISS"), the world's leading independent proxy advisory firm, has recommended shareholders vote against proposals to introduce advanced warning-type defense measures made by eight SPJSF portfolio companies, and to reject an inadequate dividend proposal by a ninth.
ISS recommends that shareholder of Yushiro Chemical Industry Co. Ltd (TOKYO:5013) ("Yushiro"), Shofu Inc (TOKYO:7979), House Foods Corporation (TOKYO:2810), Ishihara Chemical (TOKYO:4462), Chuo Warehouse Co. Ltd. (TOKYO:9319), Nissin Food Products Co. Ltd. (TOKYO:2897), ...