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Stock Market & Financial Investment News

News Breaks
November 16, 2012
07:39 EDTISSISoftone sees FY12 adjusted EPS at least 63c, consensus 65c
Sees FY12 revenue at least $379M, consensus $384.89M.
News For ISS From The Last 14 Days
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August 25, 2014
07:40 EDTISSiSoftStone announces shareholders vote to approve 'going private' transaction
iSoftStone announced that, at an extraordinary general meeting, the company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated April 18 by and among New iSoftStone Holdings. New iSoftStone Acquisition Limited and the company, pursuant to which Merger Sub will be merged with and into the company with the company continuing as the surviving company as a wholly-owned subsidiary of parent after the merger and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, parent will be beneficially owned by Tianwen Liu, the chairman and CEO of the company, funds managed by China Everbright Investment Management and certain other management members and shareholders of the company and their respective affiliates. Approximately 67.6% of the company's total outstanding ordinary shares voted in person or by proxy at today's extraordinary general meeting. Of these ordinary shares voted in person or by proxy at the extraordinary general meeting, approximately 84.1% were voted in favor of the proposal to authorize and approve the merger agreement and any and all transactions contemplated by the merger agreement, including the merger. A two-thirds majority of the ordinary shares of the company present and voting in person or by proxy at the extraordinary general meeting was required for approving the merger. The parties currently expect to complete the merger as soon as practicable, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the company will become a privately held company and its American depositary shares will no longer be listed on the NYSE.
August 21, 2014
05:54 EDTISSGlass Lewis, Egan-Jones recommend iSoftStone holders vote FOR going private
iSoftStone announces that in addition to the previously announced recommendation of Institutional Shareholder Services, or ISS, Glass Lewis and Egan-Jones have recommended that iSoftStone shareholders vote FOR the approval of the agreement and plan of merger dated as of April 18, among the Company, New iSoftStone Holdings and New iSoftStone Acquisition, pursuant to which Parent will acquire iSoftStone for 57c per ordinary share of the company or $5.70 per American depositary share, each representing ten Shares.

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