ISS Recommends Vote "FOR" Acquisition Of Outdoor Channel By IMOH - Quick Facts

(RTTNews.com) - Outdoor Channel Holdings, Inc. ( OUTD ) announced that Institutional Shareholder Services Inc. or ISS, has recommended that the company stockholders vote "FOR" the proposed acquisition of the company by InterMedia Outdoor Holdings, Inc., or IMOH.

In its recommendation issued on February 25, 2013, ISS notes* "Vote FOR the proposed transaction due to the expected business synergies created by the combined company, the relatively thorough market check performed by the Board of Directors of the Company in 2011, and the premium share price offered over the day prior to announcement."

The company stated that all stockholders of the company are encouraged to vote. Because approval of the proposal to adopt the Merger Agreement requires the affirmative vote of a majority of the outstanding shares of Outdoor Channel common stock entitled to vote, your failure to vote will have the same effect as a vote "against" the acquisition and the adoption of the Merger Agreement.

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