1. ISS Tells Minority Investors to Reject Li Ka-Shing's Latest Deal

    ISS Tells Minority Investors to Reject Li Ka-Shing's Latest Deal

    A proxy advisory firm told Power Assets Holdings Ltd.’s minority shareholders to reject a $12.4 billion buyout proposal from affiliate Cheung Kong Infrastructure Holdings Ltd. and hold out for a better offer, setting back Hong Kong billionaire Li Ka-shing’s efforts to reorganize his business empire...

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    1. I think most people would agree that the offer is underpriced, but it’s difficult to see them raising the offer a second time.
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