Business Services Industry
Proxy Advisors Glass Lewis and RiskMetrics Recommend Aderans’ Shareholders Elect Steel Partners’ Board Slate and Reject Unison’s Proposal
Business Wire, May 15, 2009
Steel Partners has been an investor in Aderans since 2004 and is the largest shareholder of the Company, owning 11,155,000 shares, or approximately 26.7% of the Company’s outstanding shares.
DISCLAIMER:
Please note that this release is intended for the purposes of conveying our views to the public including fellow shareholders of Aderans. While this includes our intention to encourage fellow shareholders to cast their votes against certain proposals by Aderans and in favor of our proposal by either attending the upcoming annual general meeting of Aderans or using the voting card enclosed with the convocation notice from Aderans, it is not intended and should not be considered to solicit, encourage, induce, or seek for fellow shareholders to authorize Steel Partners or any other third party as their proxy in exercising their voting rights on their behalf.
About Steel Partners
Steel Partners Japan Strategic Fund (Offshore), L.P. is a long-term relationship/active value investor that seeks to work with the management of its portfolio companies to increase corporate value for all stakeholders and shareholders.
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