Oxford Resource Partners, LP Receives "FOR" Recommendations from Three Leading Independent Proxy Advisory Firms Related to Unitholder Approval of Proposed Transactions with Westmoreland
Institutional Shareholder Services, Glass Lewis and Egan-Jones Unanimous in their Support for Unitholder Approval of all Proposed Transactions with Westmoreland
COLUMBUS, Ohio, Dec. 15, 2014 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") today announced that Institutional Shareholder Services (ISS), Glass, Lewis & Co. (Glass Lewis) and Egan-Jones Proxy Services (Egan-Jones), three leading independent proxy advisory firms, have all issued reports recommending that Oxford unitholders vote "FOR" on all of the proposals required to carry out the recently announced transactions with Westmoreland Coal Company ("Westmoreland").
"We are pleased that these leading proxy advisory firms have indicated their support for the proposed transactions with Westmoreland, and we encourage all of our unitholders to vote FOR all proposals enabling us to conclude the transactions," said Charles C. Ungurean, Oxford's President and Chief Executive Officer.
The Partnership's board of directors strongly encourages all unitholders to vote their units FOR the proposals promptly to be sure their units are represented at the Special Meeting of Unitholders to be held on December 23, 2014. All unitholders, regardless of the number of units they own, are asked to vote by internet, telephone or mail. Unitholders who have any questions, require assistance in voting the proxy card, or need additional copies of Oxford's proxy materials are encouraged to contact MacKenzie Partners toll-free at (800) 322-2885.
About Oxford
Oxford Resource Partners, LP is a low-cost producer of high-value thermal coal in Northern Appalachia. Oxford markets its coal primarily to large electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. The Partnership is headquartered in Columbus, Ohio.
For more information about Oxford Resource Partners, LP (NYSE: OXF), please visit www.OxfordResources.com. Financial and other information about the Partnership is routinely posted on and accessible at www.OxfordResources.com.
Additional Information and Where to Find It
In connection with the proposed transactions, the Partnership filed with the SEC a definitive proxy statement and other relevant documents on December 1, 2014. The definitive proxy statement and a form of proxy have been mailed to the Partnership's unitholders. Unitholders are urged to read the definitive proxy statement and any other documents filed with the SEC in connection with the proposed transactions or incorporated by reference in the proxy statement because they contain important information about the proposed transactions.
Oxford unitholders will be able to obtain copies of the definitive proxy statement as well as other filings containing information about Oxford, without charge, at the SEC's website, http://www.sec.gov. Copies of documents filed by Oxford with the SEC are made available free of charge on Oxford's website (www.oxfordresources.com) under "Investor Relations."
Participants in Solicitation
The directors and executive officers of the Partnership's general partner may be deemed to be participants in the solicitation of proxies from the Oxford unitholders in respect of the proposed transactions. Information about the directors and executive officers of the Partnership's general partner is set forth in Oxford's Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the SEC on March 4, 2014. Investors may obtain additional information regarding the interest of such participants by reading the definitive proxy statement.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oxford-resource-partners-lp-receives-for-recommendations-from-three-leading-independent-proxy-advisory-firms-related-to-unitholder-approval-of-proposed-transactions-with-westmoreland-300009245.html
SOURCE Oxford Resource Partners, LP
Related Links
http://www.oxfordresources.com
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