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Kneat's Thoma Bravo Deal Wins Backing from ISS and Glass Lewis
ISS and Glass Lewis both recommended Kneat shareholders vote FOR the Thoma Bravo acquisition, citing a robust strategic review and premium all-cash consideration. The shareholder meeting is July 30.
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Kneat.com, the digital validation software company, has secured recommendations from both Institutional Shareholder Services and Glass Lewis for its acquisition by Thoma Bravo. The two proxy advisory firms urged shareholders to vote in favor of the all-cash transaction, which values the company at a premium to its recent trading levels.
The endorsements cover the strategic review process that the board and a special committee conducted. Glass Lewis said the deal represents a robust outcome that delivers immediate, certain value, according to the company's statement.