- Reuters
SoftwareOne says all proxy advisors now against replacement of board
SoftwareOne's founding shareholders, who together hold 29% of the stock, had proposed replacing SoftwareOne's board after it rejected an offer from Bain last year that valued the company at about 3 billion Swiss francs ($3.32 billion). Proxy advisors provide institutional investors with research and recommendations for shareholders at annual and extraordinary meetings. Proxy firms Ethos, Glass Lewis and Inrate have since joined ISS in opposing the planned replacement of the board, SoftwareOne said.
