CORTE MADERA, Calif.–Restoration Hardware said two leading independent proxy advisory firms—RiskMetrics Group and Glass Lewis—are recommending that the retailer’s stockholders vote to approve its merger agreement with private-equity firm Catterton Partners at its June 12 shareholders meeting next week.
Catterton Partners emerged as a suitor last fall.
“Given that the Catterton deal contains firm financing, we believe that this bid serves to maximize the highest value with certainty for Restoration shareholders,” according to a statement from RiskMetrics Group.