Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Restoration Hardware Inc. > News item |
Restoration Hardware, Catterton merger gains support of third advisory firm
By Lisa Kerner
Charlotte, N.C., June 4 - Restoration Hardware, Inc. said Proxy Governance is the latest proxy advisory firm to recommend its shareholders vote in favor of the company's merger with affiliates of Catterton Partners.
It was previously announced that RiskMetrics Group/ISS and Glass Lewis & Co. also recommended shareholders vote for the deal at a special meeting on June 12.
According to Restoration Hardware, Proxy Governance believes the transaction appears to place a fair value on the company and that it is unlikely a more favorable alternative would become available.
Restoration Hardware's proxy solicitor is MacKenzie Partners, Inc. (800 322-2885).
In January, affiliates of Catterton, a Greenwich, Conn., private equity firm, amended their agreement with Restoration Hardware, lowering the per-share offer price to $4.50 in cash from $6.70.
Restoration Hardware is a Corte Madera, Calif.-based specialty retailer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.