Our client is a $29 billion market cap APAC traded company that retained us to ensure passage of a proposal to approve the sale of a subsidiary. Alliance Advisors was hired after the circular/proxy statement was filed and after ISS had recommended a vote against the sale. The proposed sale of the subsidiary was to a controlling shareholder at a substantial discount to market. In addition, the sale was not shopped to any other buyers and needed 75 % of those voting to vote in favor.
Upon publication of the ISS Research proxy report with an AGAINST Recommendation, millions of votes against the merger are immediately/automatically cast.