(Reuters) - ISS, which advises fund managers and pension funds how to vote on various issues, recommended on March 29 that shareholders oppose Thomas H. Lee and Bain Capital's $36.70 a share, or $19 billion bid, tabled in November, arguing that it undervalued the company.
Last week, the bidders raised their offer to $39 and ISS has yet to give any revised opinion on whether shareholders should support the new bid or vote against it on May 8.
Read more at Reuters.com Mergers News
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