Deals
Pacific Rubiales Investors Told by ISS to Reject Alfa Deal
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Pacific Rubiales Energy Corp. shareholders should vote against the proposed takeover of the company, Institutional Shareholder Services Inc. recommended.
ISS, the proxy advisory service based in Rockville, Maryland, said the C$6.50 per share offer price contradicts statements by management as recently as March that the company was worth C$9.22 per share.