Glass Lewis Joins Institutional Shareholder Services in Recommending Stockholders Vote “FOR” the Mediacom Communications ...
23 February 2011 - 12:30AM
Business Wire
MEDIACOM COMMUNICATIONS CORPORATION (Nasdaq: MCCC) today
announced that on February 18, 2011 Glass, Lewis & Co., LLC
(“Glass Lewis”) issued a report recommending that MCCC stockholders
vote “FOR” the proposal to adopt the merger agreement, pursuant to
which MCCC would merge with an entity created by Mediacom’s
founder, Chairman and Chief Executive Officer, Rocco B. Commisso,
at the upcoming Special Meeting of Stockholders to be held on March
4, 2011.
Glass Lewis is a leading governance analysis and proxy voting
firm serving institutional investors globally that collectively
manage more than $15 trillion in assets. On February 14, 2011,
Mediacom reported that Institutional Shareholder Services Inc.,
another prominent proxy advisory firm, issued a report recommending
that public stockholders vote for the proposal to adopt the merger
agreement.
As previously announced, under the terms of the merger
agreement, MCCC stockholders (other than Mr. Commisso and his
affiliates) will receive $8.75 in cash for each share of Class A
and Class B common stock they own as of the closing of the merger
contemplated by the merger agreement. Stockholders who have
questions or need assistance in voting should call MacKenzie
Partners at: (800) 322-2885 or (212) 929-5500.
Mediacom has filed a definitive proxy statement describing the
proposed transaction with the Securities and Exchange Commission
(“SEC”). STOCKHOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY
STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE
MERGER AND ITS PARTICIPANTS. Stockholders may obtain a free copy of
the definitive proxy statement and other documents filed by
Mediacom at the SEC’s Web site (www.sec.gov) and from Mediacom.
About Mediacom Communications Corporation
Mediacom Communications is the nation’s eighth largest cable
television company and one of the leading cable operators focused
on serving the smaller cities in the United States, with a
significant concentration in the Midwestern and Southeastern
regions. Mediacom Communications offers a wide array of broadband
products and services, including traditional and advanced video
services such as digital television, video-on-demand, digital video
recorders, high-definition television, as well as high-speed
Internet access and phone service. For more information about
Mediacom Communications, please visit www.mediacomcc.com.
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