Proxy Advisor ISS Gives Lukewarm Approval of Cimarex/Cabot Merger

Earlier this week MDN told you that a major national proxy advisor, Glass Lewis, is recommending shareholders from both Cimarex Energy (Permian oil driller) and Cabot Oil & Gas (Marcellus gas driller) approve a proposed merger on September 29 when they vote (see Proxy Advisor Glass Lewis in Favor of Cimarex/Cabot Merger). Another (THE other) major national proxy advisor, Institutional Shareholder Services (ISS), has now weighed in with its approval on the deal too--although ISS's approval is decidedly lukewarm and not a full-throated endorsement of the deal.

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