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Iss told investors to vote against coreweave’s $9 billion acquisition of core scientific, saying the target can succeed independently. Institutional shareholder services is advising against the coreweave deal for core scientific and a few large core scientific shareholders are trying to lead the charge to reject the deal. Coreweave ceo stands firm on $9b core scientific offer as shareholder opposition mounts michael intrator calls the deal a “nice to have” as iss and major investors urge shareholders to reject.
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Shareholders have raised opposition to coreweave's acquisition of core scientific saying the price is too low. Coreweave (crwv) will not increase its $9b acquisition offer for core scientific (corz) despite opposition to the deal from some major shareholders. After staying silent on the opposition it received to its proposed $9 billion acquisition of core scientific (corz) from shareholder two seas capital, ai hyperscaler coreweave (crwv) finally responded last week, calling the proposal its “best and final” offer
The company released an open letter to core scientific’s stockholders reaffirming its deal, calling two seas capital “an event.
