Cervus announces ISS and Glass Lewis Recommendation to Cervus shareholders to Vote "FOR" Cervus' Plan of Arrangement and Announces Receipt of No-Action Letter from the Commissioner of Competition
Sep 30, 2021
Cervus Equipment Corporation (the "Company" or "Cervus") (TSX: CERV) is pleased to announce that each of Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), leading independent proxy advisory firms, have recommended that Cervus shareholders vote "FOR" the special resolution approving the previously announced plan of arrangement involving Cervus, Brandt Tractor Ltd. ("Brandt"), 13255026 Canada Ltd. (the "Purchaser") and Cervus shareholders under Section 192 of the Canada Business Corporations Act (the "Transaction") at the special meeting of Cervus shareholders to be held at 2:00 p.m. (Calgary time) on October 12, 2021 (the "Special Meeting") for the purpose of obtaining the requisite approval of Cervus shareholders for the Transaction.