Two Leading Independent Proxy Advisory Firms Join ISS in Endorsing Kinetic Concepts, Inc. (KCI) Merger with Consortium Led by Apax Partners & Co.
10/17/2011 10:45:35 AM
SAN ANTONIO--(BUSINESS WIRE)--Kinetic Concepts, Inc. (NYSE: KCI) today announced that two of the nation’s leading independent proxy advisory firms, Glass Lewis & Co. and Egan-Jones Proxy Services have concluded that KCI’s proposed merger with a consortium comprised of investment funds advised by Apax Partners, together with controlled affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, is in the best interests of KCI’s shareholders, and recommend that KCI’s shareholders vote for the merger. With these endorsements, together with the endorsement by Institutional Shareholder Services announced last week, KCI’s proposed merger has now received the support of all three of the nation’s leading proxy advisory firms.
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