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Independent Proxy Advisory Firms ISS and Glass Lewis Recommend TrueCar Stockholders Vote "FOR" Pending Transaction with Fair Holdings
Prnewswireยท 2025-12-16 13:45
Core Viewpoint - TrueCar's Board of Directors is urging stockholders to vote in favor of the pending transaction with Fair Holdings, as recommended by leading independent proxy advisory firms ISS and Glass Lewis [1][2]. Company Overview - TrueCar, Inc. is a recognized automotive digital marketplace that connects auto buyers and sellers with a network of Certified Dealers, aiming to enhance the online auto shopping experience [9]. - The company is preparing for a Special Meeting of Stockholders scheduled for December 22, 2025, to discuss the transaction with Fair Holdings [1]. Transaction Details - The transaction with Fair Holdings, led by TrueCar's founder Scott Painter, is expected to close in the fourth quarter of 2025 or early 2026, pending stockholder approval and other closing conditions [2]. - TrueCar has filed a Definitive Proxy Statement and other materials with the SEC regarding the transaction, urging investors to read these documents for important information [4][5]. Advisory Support - Morgan Stanley & Co. LLC is serving as the exclusive financial advisor, while Alston & Bird LLP is the lead legal counsel for TrueCar [3].