Quovadx (QVDX) Says Independent Proxy Advisory fRecommend Proposed $3.20 Per Share Cash Merger with Quartzite Holdings
Quovadx, Inc. (NASDAQ: QVDX) announced that Institutional Shareholder Services (ISS) and Glass, Lewis & Co., two leading independent proxy advisory firms, recommend that Quovadx stockholders vote "FOR" the proposed merger of Quovadx, Inc. and a subsidiary of Quartzite Holdings, Inc. (a wholly owned subsidiary of Battery Ventures VII, L.P.) Under terms of the agreement, Quovadx stockholders will be entitled to receive $3.20 per share in cash for each share of Quovadx stock owned.
The stockholder vote on the transaction will take place at a special meeting of Quovadx stockholders to be held Wednesday, July 18, 2007 at 9:00 A.M., local time, at Harlequin Plaza, North Building First Floor Conference Room, 7600 East Orchard Road, Greenwood Village, Colorado 80111. ISS and Glass Lewis provide voting advice to hundreds of institutional investors, mutual and pension funds and other fiduciaries.
The stockholder vote on the transaction will take place at a special meeting of Quovadx stockholders to be held Wednesday, July 18, 2007 at 9:00 A.M., local time, at Harlequin Plaza, North Building First Floor Conference Room, 7600 East Orchard Road, Greenwood Village, Colorado 80111. ISS and Glass Lewis provide voting advice to hundreds of institutional investors, mutual and pension funds and other fiduciaries.
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- Symantec (SYMC) to Acquire VeriSign Japan KK for $556/Share
- The Talbots (TLB) Slammed As Sycamore Partners Pulls Out of Deal
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
