Proxy Advisor To Weigh in on HP/Compaq Tomorrow

March 4, 2002 (PLANSPONSOR.com) - As a shareholder vote on that contentious $22 billion Hewlett-Packard/Compaq acquisition deal nears, a major proxy advisory firm says it will weigh in tomorrow.

On Friday, Institutional Shareholder Services said it would release its report after the market closes Tuesday.  It’s a report that institutional investors will be watching with some interest – either as a barometer for their own decisions or for a sense of how the final vote might come out.

According to CNET.com, in at least one case, ISS’ recommendation will be binding, but the other large shareholders may well keep that position in mind as they vote on the proposed deal.  About 20% of Hewlett-Packard’s institutional shareholders are said to be ISS customers, according to the report.

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An estimated 10% of HP shares will be voted in accordance with the opinion of ISS, while ISS advises some 700 funds how to vote in proxy matters.

HP’s largest shareholder is the David and Lucile Packard Foundation, which has said it will vote against the deal, as have other groups representing the founders’ heirs.

AIM Styles Available Through Wells Fargo

February 4, 2002 (PLANSPONSOR.com) - AIM Private Asset Management, Inc. (APAM) will offer its customized investment styles to high-net-worth and institutional clients through the Wells Fargo WellsSelect Program, the companies announced.

Officials of APAM, a subsidiary of AIM Management Group, said that the personalized investment styles would be offered by the same managers who also run many of AIM’s retail mutual funds.

These separate-account disciplines are offered through financial advisors seeking a product tailored to their clients’ specific investment objectives.

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