On Friday, the proxy advisory firm recommended that minority shareholders vote on Dec. 17 against a C$1.9 billion ($1.4 billion) plan to sell the Saks Fifth Avenue owner to a consortium led by executive chairman Richard Baker, on the grounds the committee could have pushed for a better deal. “ISS has factual errors in its report we would like corrected, because they are misleading shareholders,” David Leith, who chaired the special board committee, told Reuters in an interview. …read more
Source:: Yahoo Finance
