Institutional Shareholder Services and Glass Lewis Recommend That Mayors Stockholders Vote in Favor of Merger with Birks
November 10 2005 - 7:30AM
Business Wire
Mayors Jewelers, Inc. (AMEX: MYR) is pleased to announce that
Institutional Shareholder Services ("ISS") and Glass Lewis &
Co., two leading independent proxy advisory firms, have recommended
that Mayors stockholders vote in favor of the merger with Henry
Birks & Sons Inc. at the special and annual meeting of Mayors
stockholders scheduled for November 14, 2005. Commenting on the
recommendations, Thomas A. Andruskevich, Mayors Chairman and CEO,
said, "The fact that ISS and Glass Lewis have recommended that
Mayors stockholders vote in favor of the Mayors/Birks merger
reaffirms the board's view, based on the recommendation of a
special committee of independent directors, that the merger with
Birks is in the best interest of Mayors stockholders. Mayors and
its board continue to urge all stockholders to follow these
recommendations and vote in favor of the merger with Birks." About
ISS ISS is widely recognized as the leading independent proxy
advisory firm in the nation. Its recommendations are relied upon by
hundreds of major institutional investment firms, mutual funds, and
other fiduciaries throughout the country. About Glass Lewis &
Co. Glass Lewis & Co. is an analytical research and proxy
advisory firm providing services to institutional investors. The
recommendations of Glass Lewis are relied upon by major
institutional investment firms, mutual funds, and other fiduciaries
throughout the country to make informed investment and proxy voting
decisions. About Birks Henry Birks & Sons Inc. is a leading
luxury retailer, designer and manufacturer of fine jewelry, time
pieces, sterling silverware and gifts. Birks was founded in 1879
and has developed a reputation for quality and service as a premier
luxury brand in Canada. It has 39 stores operating under the Birks
brand across Canada About Mayors Mayors Jewelers, Inc. is a leading
retailer of fine jewelry, time pieces and gifts in Florida and
Georgia. Mayors was founded in 1910 and for the past 95 years has
maintained the intimacy of a family owned boutique while growing to
become renowned for its fine jewelry, timepieces and giftware.
Mayors currently operates 28 stores: 23 in Florida and 5 in greater
Atlanta, Georgia. Where to Find More Information In connection with
the proposed merger, Birks has filed a registration statement on
Form F-4, which includes a preliminary joint proxy
statement/prospectus, and other related documents with the SEC.
Mayors stockholders are urged to read these documents because they
contain important information. Stockholders may obtain copies of
these documents for free at the SEC's website at www.sec.gov, from
Birks at 1240 Square Phillips, Montreal, Quebec, Canada, H3B 3H4,
Tel: (514) 397-2511 or from Mayors at 14051 N.W. 14th Street, Suite
200, Sunrise, Florida 33323, Tel: (954) 846-8000. Birks and Mayors
and their respective directors, executive officers and other
members of their management and employees may be deemed to be
participants in the solicitation of proxies from Mayors
stockholders in connection with the proposed merger. Information
regarding the special interests of these directors and executive
officers in the transaction described herein is included in the
joint proxy statement/prospectus described above.
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