Poll Results Find that Over Seventy Percent of Delaware Voters Oppose the Court-Ordered Sale of TransPerfect

DOVER, Del., March 20, 2017 /PRNewswire/ -- A recent poll demonstrates that Citizens for a Pro-Business Delaware's fight to save their company, TransPerfect a global translation services company, is strongly supported by registered voters in Delaware. Over 70% of voters surveyed by Slingshot Strategies, LLC., believe that the government should not have the power to force the sale of TransPerfect. The 800-person poll tested perceptions towards the ongoing court case involving the company, as well as the government's role in the affairs of Delaware businesses. There was widespread disdain for a government-forced sale of a Delaware company against the wishes of its employees and strong support for legislators to clarify how courts should address complicated business disputes. Overall, the poll results clearly indicate that Delawareans favor a solution which would keep TransPerfect intact and save over 4,000 jobs.

Last week a solution was proposed by Shirley Shawe, a 1% owner of Transperfect, which would end the deadlock permanently. After years of fighting to influence the future of the company, Ms. Shawe vowed to sacrifice her voice in the boardroom and vote alongside the interests of co-owner Elizabeth Elting. The vote would give Ms. Elting a 51% majority to restructure the Board of Directors' decision-making authority, and permanently end the deadlock for which the Delaware Court of Chancery based its opinion to force its sale.

"Shirley Shawe's offer to cede her representation in the boardroom to save the company and with it, the livelihoods of over 4,000 workers is honorable and we fully support her efforts," said Chris Coffey, campaign manager for Citizens for a Pro-Business Delaware. "With this offer, the Court of Chancery's justification for the sale of this extremely profitable company is gone, and we ask that all parties follow Ms. Shawe's exemplary lead to put the workers' fears to rest and let the owners retain the company."

Even in light of the offer made for a permanent solution to end the deadlock, Citizens for a Pro-Business Delaware will not risk easing their pressure for lawmakers to address this complicated scenario. The group continues to gain legislative support for a bill that will mandate a three-year waiting period before forcing the sale of a company incorporated in the state. The recent poll numbers show that Delawareans agree with the group's mission and Citizens for a Pro-Business Delaware promises to harness residents' perceptions into actions, and finally Save TransPerfect.

Citizens for a Pro-Business Delaware is a group made up of more than 2,200 members including employees of the global translation services company TransPerfect, as well as concerned Delaware residents, business executives and others. The group has proposed legislation that would amend Delaware law to require a three-year waiting period before forcing the sale of a solvent company.

For more information on Citizens for a Pro-Business Delaware visit DelawareForBusiness.org. To review the poll results please visit this link (poll results) and to read the associated memo please visit this link (memo).

Contact: Mary Urban, [email protected]
Julijana Englander, [email protected]

SOURCE Citizens for a Pro-Business Delaware

Related Links

http://www.delawareforbusiness.org