First Manhattan Co. (“FMC”), an owner-managed and operated investment
advisory firm and the owner of approximately 9.9 percent of the
outstanding shares of VIVUS, Inc. (“Vivus”) VVUS, today
announced that two leading proxy advisory firms, Institutional
Shareholder Services Inc. ("ISS") and Egan Jones Proxy Services (“Egan
Jones”) have recommended that Vivus stockholders vote for the election
of FMC director nominees to the Vivus board of directors. Egan Jones
recommends that stockholders vote for all nine of FMC's nominees on the
WHITE proxy card. ISS recommends a vote for three of FMC's nominees on
the WHITE proxy card. ISS recommends that stockholders do not vote
Vivus' gold proxy card.
In their reports both ISS and
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