Focus Media Holding Limited (FMCN) announced that Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC have recommended that Focus Media shareholders vote for approval of the company's agreement and plan of merger dated December 19, 2012 with Giovanna Parent Limited and Giovanna Acquisition Limited, pursuant to which Giovanna Parent Limited will acquire Focus Media for US$5.50 per ordinary share of the company or US$27.50 per American depositary share, each representing five Shares.
ISS and Glass Lewis are leading independent international proxy advisory firms. The company's extraordinary general meeting of shareholders to consider and vote on the merger agreement will be held on April 29, 2013.
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