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ContextLogic Inc., also known as Wish, announced on March 28, 2024, that leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones have recommended that its stockholders vote in favor of an asset sale transaction with Qoo10 Pte. Ltd. The transaction involves the sale of substantially all of ContextLogic's assets, excluding certain tax attributes, marketable securities, and cash equivalents. The special meeting for stockholders to vote on the transaction is scheduled for April 12, 2024. The Board of Directors of ContextLogic unanimously supports the transaction, which is expected to be completed in the second quarter of 2024, subject to stockholder approval and customary closing conditions. The company has been advised by MacKenzie Partners, Inc. for proxy solicitation. The transaction is considered by the advisory firms and the Board to be the best alternative to maximize shareholder value, compared to liquidation, a business combination, or remaining a standalone company.
ContextLogic Inc., also known as Wish, announced on March 28, 2024, that leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones have recommended that its stockholders vote in favor of an asset sale transaction with Qoo10 Pte. Ltd. The transaction involves the sale of substantially all of ContextLogic's assets, excluding certain tax attributes, marketable securities, and cash equivalents. The special meeting for stockholders to vote on the transaction is scheduled for April 12, 2024. The Board of Directors of ContextLogic unanimously supports the transaction, which is expected to be completed in the second quarter of 2024, subject to stockholder approval and customary closing conditions. The company has been advised by MacKenzie Partners, Inc. for proxy solicitation. The transaction is considered by the advisory firms and the Board to be the best alternative to maximize shareholder value, compared to liquidation, a business combination, or remaining a standalone company.
ContextLogic Inc.（又名Wish）于2024年3月28日宣布，领先的代理咨询公司ISS、Glass Lewis和Egan-Jones已建议其股东投票赞成与Qoo10 Pte进行资产出售交易。Ltd. 该交易涉及出售ContextLogic的几乎所有资产，不包括某些税收属性、有价证券和现金等价物。股东对该交易进行投票的特别会议定于2024年4月12日举行。ContextLogic董事会一致支持该交易，该交易预计将于2024年第二季度完成，但须经股东批准和惯例成交条件。MacKenzie Partners, Inc.已就代理招标事宜向该公司提供了建议。与清算、业务合并或保持独立公司相比，咨询公司和董事会认为该交易是实现股东价值最大化的最佳选择。
ContextLogic Inc.（又名Wish）于2024年3月28日宣布，领先的代理咨询公司ISS、Glass Lewis和Egan-Jones已建议其股东投票赞成与Qoo10 Pte进行资产出售交易。Ltd. 该交易涉及出售ContextLogic的几乎所有资产，不包括某些税收属性、有价证券和现金等价物。股东对该交易进行投票的特别会议定于2024年4月12日举行。ContextLogic董事会一致支持该交易，该交易预计将于2024年第二季度完成，但须经股东批准和惯例成交条件。MacKenzie Partners, Inc.已就代理招标事宜向该公司提供了建议。与清算、业务合并或保持独立公司相比，咨询公司和董事会认为该交易是实现股东价值最大化的最佳选择。
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