KLR - Kaleyra Inc. Special Meeting Reminder and Announcement of Recommendations by ISS and Glass Lewis that Stockholders Vote FOR the Proposed Merger | Benzinga
Special Meeting of Kaleyra Stockholders to be Held on September 28, 2023
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- Kaleyra, Inc. (NYSE:KLR) ("Kaleyra" or the "Company"), a global omnichannel integrated communication services provider with a set of proprietary platforms, offering targeted personalisation through messaging, video, push notifications, e-mail and voice-based services, and chatbots, would like to remind stockholders that its Special Meeting of Stockholders (the "Special Meeting") to consider and vote on the adoption of the Agreement and Plan of Merger (the "Merger Agreement") entered into by the Company with Tata Communications Limited, a company listed on BSE Limited and National Stock Exchange of India Limited ("Tata Communications"), pursuant to which TC Delaware Technologies Inc., a Delaware corporation and wholly owned subsidiary of Tata Communications ("Merger Sub"), will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Tata Communications (the "Merger").
Stockholders are encouraged to vote as soon as possible by Proxy in advance of the Special Meeting by one of the methods described in the Proxy Statement previously distributed to stockholders. In addition, the Company announced that leading independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis") have recommended that Kaleyra stockholders vote FOR the approval and adoption of the Merger Agreement and the Merger at the Special Meeting.
"We appreciate the recommendations of both leading proxy advisory firms to vote for our Merger Agreement and Merger with Tata Communications, which we believe will deliver significant value creation to all Kaleyra stockholders," said Dr. Avi Katz, Chairman of the Board of Directors of Kaleyra. "We look forward to our Special Meeting of stockholders next week and ultimately completing our transaction with Tata Communications."
All stockholders of record as of the close of business on August 8, 2023 are entitled to vote at the Special Meeting. If you plan to attend the virtual Special Meeting or vote by Proxy in advance of the Special Meeting, you will need the 12-digit control number sent to you in the provided proxy materials. If you are unable to locate your control number, or if you have any other questions about the Special Meeting or voting procedures, please contact the Company's proxy solicitor, Okapi ...