Vringo (VRNG) Says Shareholders Should Vote in Favor of Innovate/Protect Merger

July 11, 2012 9:02 AM EDT
Get Alerts VRNG Hot Sheet
Trade VRNG Now!
Join SI Premium – FREE
Vringo, Inc. (AMEX: VRNG) will hold its annual meeting of stockholders on Thursday, July 19. Vringo stockholder approval is required for Vringo to close its pending merger with Innovate/Protect, Inc., an intellectual property firm whose wholly-owned subsidiary, I/P Engine, Inc., holds eight patents that were acquired from Lycos, Inc.

"One of Vringo's strengths is its strong base of individual stockholders. Every vote counts and is very important, regardless of how many shares a stockholder owns. We encourage Vringo stockholders to vote immediately. Stockholders may contact Vringo's proxy solicitor, Morrow & Co. at (888) 813-7566 for assistance in voting their shares," said Andrew D. Perlman, Chief Executive Officer of Vringo.

The boards of directors of both Vringo and Innovate/Protect have unanimously approved the merger. The board of directors of Vringo recommends that Vringo stockholders vote FOR each of the proposals presented.

"Speaking on behalf of Innovate/Protect, we are very excited about the anticipated closing of the merger with Vringo. The Innovate/Protect and Vringo management teams will combine our talents and personnel to execute our vision for the future of the company,” said Alexander R. Berger, Chief Operating Officer of Innovate/Protect.

Stockholders of record as of the close of business on June 8, 2012 have received proxy materials and voting instructions via U.S. Mail or electronically.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment