Dril-Quip Challenges Accuracy of Glass Lewis Report and Urges Stockholders to Vote “FOR” Merger with Innovex
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Source: Businesswire
Dril-Quip's Response to Glass Lewis Report: Dril-Quip, Inc. strongly disagrees with the recommendations made by Glass Lewis regarding its proposed merger with Innovex Downhole Solutions, arguing that the report is misguided and fails to acknowledge the strategic benefits and financial rationale of the transaction.
Merger Benefits and Stockholder Engagement: The Board of Directors emphasizes that the merger will enhance long-term growth and resilience for stockholders, while also highlighting their commitment to corporate governance by withdrawing certain proposals based on stockholder feedback.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
