Institutional Shareholder Services has come out in favor of Mediacom Chairman and CEO Rocco Commisso’s bid to buy the company and take it private, according to Mediacom.
Commisso and his associates are offering $8.75 per share. The company has a vote scheduled for March 4.
ISS is an independent proxy voting and corporate governance firm whose voting recommendations on corporate mergers are relied upon by hundreds of firms, including major institutional investors, mutual funds and other fiduciaries.