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Proxy advisory firms recommend stockholders vote for transaction
The Fly

Proxy advisory firms recommend stockholders vote for transaction

GasLog Partners announced that proxy advisory firms Institutional Shareholders Services and Glass, Lewis & Co. issued reports on June 27 recommending that the Partnership’s common unitholders vote “FOR” the previously announced merger pursuant to which GasLog will acquire all of the outstanding common units of the Partnership not beneficially owned by GasLog such vote to be held at the Partnership’s upcoming special meeting of common unitholders scheduled to take place on July 7. If the merger is approved, each common unit will be entitled to receive overall consideration of $8.65 in cash, consisting in part of a special distribution by the Partnership of $3.28 per common unit in cash that will be distributed to the Partnership’s common unitholders in connection with the closing of the Transaction and the remainder to be paid by GasLog as merger consideration at the closing of the Transaction.

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