OnTheMarket PLC (AIM:OTMP) has flagged that independent proxy advisers Glass Lewis & Co published a positive voting recommendation yesterday in relation to the forthcoming vote on the company's takeover by CoStar.
This followed a similar positive voting recommendation last week by ISS.
Glass Lewis recommended that OnTheMarket shareholders vote for the deal at the court meeting and general meeting on 4 December, in line with the board's recommendation.
US giant CoStar made the £99 million bid last month, with the 110p per share offer price a 56% premium to the last close price, though below short-term peaks reached in 2019 and 2021.