ISS and Glass Lewis recommend Dalradian shareholders vote for Orion takeover
Leading independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co have recommended that Dalradian shareholders vote in favour of a takeover by private equity mining firm Orion Mine Finance.
In terms of the transaction, announced in June, shareholders will receive C$1.47 a share for their interest in Dalradian.
The special meeting of Dalradian’s shareholders to consider the transaction will be held on August 31, in Toronto.
Dalradian’s biggest shareholder, M&G Investment Management, has previously said that it was supportive of the friendly cash takeover.
The miner has a high-grade gold project in Northern Ireland.
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