Institutional Shareholder Services Recommends a Vote Against Spin-off Proposal
BLUE BELL, PA, APRIL 10, 1996 -- Unisys Corporation said today that Institutional Shareholder Services (ISS), the nation's leading proxy advisory service, recommended to its clients a vote "against" the stockholder proposal to divide Unisys into three separate publicly traded companies.
The ISS advice to its clients said, ". . . separation of any of these units would be far too risky to the company's overall performance and growth potential. Accordingly, we believe that shareholders' interests would be best served by allowing management to continue implementation of its restructuring plan."
"We recommend a vote AGAINST the proposal," the ISS report concluded.
RELEASE NO.: 0496/5990
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