financetom
Business
financetom
/
Business
/
ISS recommends investors reject CoreWeave deal for Core Scientific
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ISS recommends investors reject CoreWeave deal for Core Scientific
Oct 20, 2025 3:45 PM

NEW YORK (Reuters) -Proxy advisory firm Institutional Shareholder Services on Monday recommended investors vote down plans for AI company CoreWeave ( CRWV ) to buy infrastructure company Core Scientific ( CORZ ) in what was billed as a $9 billion deal.

Investors will vote on October 30. ISS wrote that Core Scientific ( CORZ ) has achieved considerable success as a standalone company and could continue going it alone.

CoreWeave ( CRWV ), which offers cloud infrastructure for artificial-intelligence capabilities, proposed to acquire Core Scientific ( CORZ ), which offers computing power, in an all-stock deal with an implied value of $20.40 when it was announced in early July.

Soon after, investor Two Seas Capital said it would vote against the deal, citing concerns with the sale process, deal structure, and valuation. It said the fixed exchange ratio left Core Scientific ( CORZ ) shareholders vulnerable to fluctuations in the price of CoreWeave ( CRWV ) shares.

CoreWeave's ( CRWV ) shares have fallen since July, thereby reducing the deal's value. On Monday, Core Scientific's ( CORZ ) stock price jumped over 5% in post-hours trading after having closed trading at $18.81, signaling investors may prefer to have the company stay independent.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cabot Q3 revenue down on challenging demand environment
Cabot Q3 revenue down on challenging demand environment
Aug 4, 2025
Overview * Cabot fiscal Q3 adjusted EPS beats analyst expectations, despite 1% yr/yr decline, per LSEG data * Revenue for fiscal Q3 falls to $923 mln amid challenging demand environment * Reinforcement Materials EBIT down 6%, Performance Chemicals EBIT up 4% yr/yr Outlook * Cabot reaffirms FY25 Adjusted EPS guidance of $7.15 to $7.50 * Company expects lower volumes due...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Extreme Networks Insider Sold Shares Worth $613,798, According to a Recent SEC Filing
Extreme Networks Insider Sold Shares Worth $613,798, According to a Recent SEC Filing
Aug 4, 2025
04:44 PM EDT, 08/04/2025 (MT Newswires) -- Edward Meyercord, Director, President and CEO, on August 01, 2025, sold 35,725 shares in Extreme Networks ( EXTR ) for $613,798. Following the Form 4 filing with the SEC, Meyercord has control over a total of 1,541,282 common shares of the company, with 1,541,282 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1078271/000143774925024632/xslF345X05/rdgdoc.xml ...
Kyndryl Fiscal Q1 Adjusted Earnings, Revenue Rise
Kyndryl Fiscal Q1 Adjusted Earnings, Revenue Rise
Aug 4, 2025
04:43 PM EDT, 08/04/2025 (MT Newswires) -- Kyndryl ( KD ) reported fiscal Q1 adjusted earnings late Monday of $0.37 per diluted share, up from $0.13 a year earlier. Four analysts polled by FactSet expected $0.36. Revenue for the quarter ended June 30 was $3.743 billion, up from $3.739 billion a year earlier. Four analysts surveyed by FactSet expected $3.80...
Copyright 2023-2026 - www.financetom.com All Rights Reserved