TORONTO (miningweekly.com) – Proxy battle target Taseko Mines has received a report from independent proxy advisory firm Glass Lewis & Co, recommending that shareholders oppose all proposals made by dissident Raging River Capital (RRC).
According to Taseko, Glass Lewis made its recommendation in a detailed 16-page report after reviewing the facts and arguments made by Taseko and RRC in their respective information circulars.
Taseko published excerpts from the report, which concluded that the dissident shareholder’s disclosed arguments were “flatly unconvincing”. The report also found it “unsurprising that RRC’s primary arguments seem to generally rely on absolute references, obscured methodologies and, in some cases, inaccurate or wholly unsupported data points.”
Shareholders will vote at the May 10 special meeting.