Proxy Updates

Current Deals and Transactions

" Celgene Corporation (NASDAQ: CELG) and Receptos, Inc. (NASDAQ: RCPT) announced the signing of a definitive agreement in which Celgene has agreed to acquire Receptos. Under the terms of the merger agreement, Celgene will pay $232.00 per share in cash, or a total of approximately $7.2 billion, net of cash acquired Morrow & Co., LLC is …

New Developments in Proxy Access

" Last week, the Council of Institutional Investors (CII) published a report titled “Proxy Access: Best Practices“.  The report highlights what CII refers to as seven “…troublesome provisions that are cropping up in proxy access bylaws or charter amendments at U.S. public companies.” CII has released the report to encourage companies to adopt access mechanisms that …