Investment Partners Asset Management, or IPAM, announced that a shareholder proposal submitted by a fund it manages has been included as PROPOSAL NO. 3 in the proxy statement of Rainmaker Systems for consideration at the company's 2012 annual meeting of shareholders. The proposal puts to a vote of shareholders a request that the company's board of directors immediately engage the services of a reputable investment banking firm to pursue a sale of the company.
Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment …