US c-store retailer and takeover target Casey’s General Stores has received further support for its board nominees from two proxy advisory services.
Casey’s said today (17 September) that Proxy Governance and Egan-Jones recommends the retailer’s shareholders vote for the re-election of the majority of its director nominees.
The support comes ahead of what looks set to be tense AGM next week and follows support from Institutional Shareholder Services (ISS) and Glass Lewis announced yesterday.
Robert Myers, Casey’s president and CEO, said: “The four proxy advisory services have now spoken, and they all agree that Casey’s shareholders should vote the white card in support of Casey’s board of directors and not hand over the keys to the company to Couche-Tard. We urge shareholders to vote for all of our director nominees.”