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M Group, Inc.
OMG today
announced that both proxy advisory firms Institutional Shareholder Services
(ISS) and Glass Lewis & Co., LLC have recommended that their clients vote
FOR adoption of the merger agreement dated May 31, 2015 ("Merger Agreement")
among the Company and funds managed by affiliates of Apollo Global
Management, LLC
APO and a wholly-owned subsidiary of Platform
Specialty Products
PAH at the Special Meeting of Stockholders on
August 10, 2015.
The Merger Agreement provides OM Group stockholders with a cash price of
$34.00 per share, representing an approximately 28% premium above OM Group's
closing share price on May 29, 2015, the last trading day prior to the
announcement of the merger.
"We are pleased that both ISS and Glass Lewis have recommended that our
stockholders vote FOR the acquisition of the Company by Apollo. We look
forward to our stockholders' support for the transaction at our Special
Meeting of Stockholders on August 10," said Joe Scaminace, Chairman and
Chief Executive Officer of OM Group.
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