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News Breaks
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October 16, 2009
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| 04:57 EDT |  | TXI |
| theflyonthewall.com: | Glass, Lewis & Co. supports Shamrock Texas Industries proxy contest | | Citing what it described as “a pattern of unresponsiveness to shareholder issues” by the Texas Industries board of directors, independent proxy advisory firm Glass, Lewis & Co. today recommended that shareholders vote the WHITE proxy card “FOR” two of the Shamrock Activist Value Fund, L.P.’s nominees to the Texas Industries board and “FOR” all three of the Shamrock Activist Value Fund, L.P.’s corporate governance shareholder proposals at the company’s annual meeting of shareholders scheduled for Oct. 22, 2009. In its recommendation, Glass Lewis stated it believes “the governance reforms proposed by Shamrock [in its three shareholder proposals] are in the best interests of shareholders.” :theflyonthewall.com |
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