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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Jan 9, 2013 5:18 PM Flag

    Clinton files proxy statement

    Looks like we're going to have to choose between voting 4 different proxy cards. Meanwhile, no date has been set for the annual meeting. Clinton's proxy contains an interesting discussion (clip):

    On May 23, 2012, Clinton submitted a final proposal, in accordance with the procedures adopted by the Company, for an investment in the Company at a significant premium. This proposal involved a series of transactions that assumed the Company would first sell its logistics business.

    Based on feedback from the Company’s advisors, on May 31, 2012, we submitted an alternative proposal to the Company that involved Clinton purchasing 8.5 million shares of Common Stock from the Company at a price of $4.90.

    On June 6, 2012, we provided an additional proposal in conjunction with two other parties for a comprehensive series of transactions involving the Company’s logistics business and other assets.

    We subsequently had a series of discussions with the Company’s advisors, executives and Board members. We were told that the Company had elected to pursue another direction...
    ================================
    HNH's proxy indicated they made an offer to the company to purchase 20M shares @ $5, an offer which they later modified. What's interesting is to find out a lot has been going on behind the scenes, but evidently MLNK is rebuffing the offers.

 
MLNK
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