Oi SA’s shareholders should vote in favor of the Brazilian phone carrier’s merger with Portugal Telecom SGPS SA, advisory firm Glass Lewis recommended, saying the deal sufficiently protects minority investors.
Oi SA investors weighing a merger with Portugal Telecom SGPS SA got opposing recommendations from the two biggest shareholder advisory firms, setting up a showdown in a vote on the deal later this month.
Rupert Murdoch’s positions as chairman and chief executive officer of 21st Century Fox Inc. should be split, shareholder-advisory firm Glass, Lewis & Co. said today in support of an investor resolution.
The U.S. Securities and Exchange Commission is weighing whether proxy advisers have grown so influential in corporate elections that regulators should impose rules to make their business more transparent.
Sprint Nextel Corp. investors should abstain from voting on SoftBank Corp.’s $20.1 billion takeover proposal, shareholder advisory firm Glass Lewis & Co. said, putting pressure on the Japanese company to raise its bid.
Dynegy Inc. shareholders should reject the proposed $540 million takeover by Blackstone Group LP in favor of alternatives such as refinancing or buying back debt to lower costs, proxy research company Glass Lewis & Co. LLC said.