Published:
RiskMetrics Group Recommends Stockholders Vote "FOR" Life Sciences Research/Lion Holdings Merger
EAST MILLSTONE, N.J. - (BUSINESS WIRE) - Life Sciences Research, Inc. (NYSE Arca: LSR) announced today that
RiskMetrics Group (formerly Institutional Shareholder Services), a
leading proxy advisory firm, has recommended that LSR stockholders vote
"FOR" the approval of the merger of LSR and Lion Merger Corp. pursuant
to the Agreement and Plan of Merger, dated as of July 8, 2009, among
LSR, Lion Merger Corp. and Lion Holdings, Inc. at the upcoming special
meeting of stockholders scheduled to be held on November 23, 2009. Lion
Merger Corp. and Lion Holdings Inc. are companies controlled by LSR's
Chairman and CEO, Andrew Baker.
LSR encourages all stockholders to vote their shares promptly by phone,
Internet or by mailing their proxy card. The Board of Directors and the
independent Special Committee of the Board each recommended that
stockholders vote "FOR" the approval of the merger.
About Life Sciences Research
Life Sciences Research, Inc. is a global contract research organization
providing product development services to the pharmaceutical,
agrochemical and biotechnology industries. LSR brings leading technology
and capability to support its clients in non-clinical safety testing of
new compounds in early stage development and assessment. The purpose of
this work is to identify risks to humans, animals or the environment
resulting from the use or manufacture of a wide range of chemicals which
are essential components of LSR's clients' products. The Company's
services are designed to meet the regulatory requirements of governments
around the world. LSR operates research facilities in the United States
(the Princeton Research Center, New Jersey) and the United Kingdom
(Huntingdon and Eye, England).
Important Additional Information for Investors and Stockholders
In connection with the proposed Merger of the Company with a wholly
owned subsidiary of Lion Holdings, the Company has filed with the SEC a
definitive proxy statement for the meeting of stockholders of the
Company to be convened on November 23, 2009 to approve the Merger. That
definitive proxy statement and a form of proxy have been mailed to the
stockholders of the Company. The Company, Parent, Merger Sub, Andrew
Baker, LAB Holdings LLC and Focused Healthcare Partners, LLC have also
filed a Schedule 13E-3, as amended, with the SEC regarding the proposed
Merger. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, THE COMPANY'S
STOCKHOLDERS AND INVESTORS ARE URGED TO READ THE PROXY STATEMENT AND
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.
Company stockholders and other investors can obtain copies of these
materials without charge from the SEC through the SEC's website at www.sec.gov.
These documents can also be obtained free of charge by accessing them on
the Company's corporate website at www.lsrinc.net.
The Company and its directors, executive officers and certain other
members of its management and employees may, under SEC rules, be deemed
to be participants in the solicitation of proxies from the Company's
stockholders in connection with the transaction. Information regarding
the interests of such directors and executive officers (which may be
different from those of the Company's stockholders generally) is set
forth in the Company's proxy statement referred to above and additional
information regarding the Company's directors and executive officers is
included in the Company's 2009 proxy statement and 2008 Annual Report on
Form 10-K, previously filed with SEC. Stockholders may obtain additional
information regarding the interests of the Company and its directors and
executive officers in the Merger and the solicitation of proxies, which
may be different than those of the Company's stockholders generally, by
reading the proxy statement and other relevant documents regarding the
Merger, filed with the SEC.
Forward Looking Statements
This announcement contains statements that may be forward-looking as
defined by the Private Securities Litigation Reform Act of 1995. These
statements are based largely on LSR's expectations and are subject to a
number of risks and uncertainties, certain of which are beyond LSR's
control, as more fully described in the Company's SEC filings, including
its Form 10-K for the fiscal year ended December 31, 2008, as filed with
the US Securities and Exchange Commission.
Life Sciences Research, Inc.
Richard Michaelson
US:
732-649-9961
LifeSciencesResearch@LSRinc.net
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