Shares in SoftwareOne rose on Friday after a boardroom shake-up made the prospect of a bid for the Swiss IT service provider more likely, investors and analysts said. On Thursday,.
The board of Swiss IT services provider SoftwareOne said on Monday its plan to resolve a boardroom tussle with founding shareholders over the company s future has won the backing of proxy advisory.
SoftwareOne said ISS had recommended voting for all nine nominees proposed by its board at the company s annual general meeting (AGM), including the three nominees representing the founding shareholders group. The AGM is scheduled for April 18.
Last month SoftwareOne s present board pitched a compromise proposal that recommended electing "a proportionate number" of the founding shareholders nominees to the board. These nominees would be von Stockar, Annabella Bassler and Andrea Sieber.
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