Nabors Industries Inc. shareholders today cast more than 80% of their proxy votes in favor of moving incorporation to Bermuda from Delaware, said Daniel McLachlin, corporate secretary. He said specific figures weren’t immediately available from the special shareholders meeting. He said reincorporation will proceed.
Institutional Shareholder Services endorsed the reincorporation. Central Laborers’ Pension Fund, Jacksonville, Ill., opposed the move, as did Proxy Voter Services, an ISS unit that mainly serves union pension funds.
