Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Newmont shareholders vote in favour of the US major’s $10-billion takeover of Canadian miner Goldcorp at a general meeting next month. ISS said on Tuesday that a vote for the proposal was warranted, given the “solid strategic rationale” and expected financial benefits, which were bolstered on Monday by the addition of a 88c a share special dividend.
