Continental Gold's $1 billion take-out gets boost
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Both the Institutional Shareholder Services and Glass Lewis & Co. said they support Zijin's acquisition of Continental. Through a Continental news release filed today, both the proxy firms said the significant premium and favorable market reaction support the deal.
ISS and Glass Lewis are the two-leading independent proxy advisory firms who make voting recommendations to their subscribers, including institutional investors.
Shareholders vote on the acquisition later this month. If approved the deal will be the fourth biggest M&A deal announced in 2019.