ISS Backs Pzena Investment Management Takeover
What’s New In Activism – ISS Backs Pzena TakeoverInstitutional Shareholder Services (ISS) suggested Pzena Investment Management, Inc. (NYSE:PZN) shareholders accept the management-backed $9.60-per-share takeover offer, dealing a blow to dissident Punch & Associates. ISS called the proposal’s 49.1% premium “substantial” and warned that a rejection of the offer could lead to a plunge in Pzena’s share price, according to excerpts offered by the company in a press release last week. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by S...