ISS Recommends $36 Offer for Ceridian (CEN); Rejects Pershing Square's full slate
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Ceridian Corporation (NYSE: CEN) announced that Institutional Shareholder Services (ISS) has recommended that Ceridian stockholders vote for the proposed merger with affiliates of Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. (NYSE: FNF) at the Annual Meeting of Stockholders on September 12, 2007. Under the merger agreement, Ceridian stockholders will receive $36.00 per share in cash for each share of common stock they hold. ISS also recommends that stockholders reject Pershing Square's full slate for the Ceridian Board.
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