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Leading Independent Proxy Advisory Firm ISS Recommends Avalara Shareholders Vote "FOR" The Transaction With Vista Equity Partners

Benzinga Real-time News ·  Sep 30, 2022 15:01

Avalara Urges Shareholders to Vote "FOR" Value Maximizing Transaction on WHITE Proxy Card

Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that shareholders vote "FOR" the pending transaction with Vista Equity Partners ("Vista") at the Company's upcoming Special Meeting of Shareholders (the "Special Meeting") scheduled for October 14, 2022.

In its September 30, 2022, report, ISS noted1:

  • "...the proposed transaction provides certainty of value, at a premium to the unaffected price, compared to the significant downside risk of non-approval and the...
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