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SOURCE Brandes Investment Partners
SAN DIEGO, Dec. 16, 2013 /PRNewswire/ -- Brandes Investment Partners, L.P. ("Brandes"), which has acquired, over time, approximately 5% of the common stock of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company") for and on behalf of its investment advisory clients, today issued the following statement:
"Brandes reiterates its opposition to the pending AsiaInfo-Linkage privatization offer, which is scheduled for a shareholder vote on December 19. Brandes welcomes independent proxy advisor Institutional Shareholder Services' recommendation for shareholders to vote against the $12 per share offer, as we agree that it does not fairly represent the fundamental value of the company. Moreover, since the proposed transaction involves a related party, we continue to believe that the process is flawed and that approval should require support from a majority of independent shareholders.
"We would also like to highlight the following considerations:
"In summary, Brandes will vote against the Company's go-private proposal and believes that the interests of independent shareholders will be better served by voting against the proposal as well."
About Brandes Investment Partners, L.P.
Brandes is a leading investment advisory firm that specializes in managing global equity and fixed-income assets for clients worldwide. Since the firm's inception in 1974, Brandes has consistently applied the value investing approach (pioneered by Benjamin Graham) to security selection and was among the first investment firms to bring a global perspective to value investing. The independently owned firm manages approximately $26 billion on behalf of clients in a variety of active investment strategies.
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