ISS reaffirms support for $2.65 bln Shaw Media acquisition
Proxy advisory firm Institutional Shareholder Services (ISS) has reaffirmed its previously announced recommendation of the $2.65 billion acquisition of Shaw Media Inc by Corus Entertainment Inc (TSX: CJR.B), Corus announced. Investors in Corus, a Toronto-based media and content company, will vote on the deal on March 9. Corus said ISS has urged that shareholders reject the dissident proxy released by Catalyst Capital Group. Catalyst, a Canadian private equity firm and Corus minority shareholder, opposes the Shaw Media deal, arguing that Corus will overpay for the asset.
3 March 2016•7 mins read
