Proxy advisor ISS says vote 'against' on Third Point Malibu Life Reinsurance deal

Malibu Life Holdings

05/08/2025 15:06

LONDON, Aug 5 (Reuters) - Institutional Shareholder Services has recommended that shareholders in Third Point Investors Limited (TPIL) TPOGu.L should vote against a deal to acquire Malibu Life Reinsurance SPC, a report from ISS said on Tuesday.

The deal would "fundamentally change" the fund's investment case without offering minority shareholders an exit option at a fair price for their entire holdings, the report said.

Third Point, which controls the feeder fund TPIL, did not have an immediate comment.

 (Reporting by Nell Mackenzie; Editing by Anousha Sakoui)

 ((Nell.Mackenzie@thomsonreuters.com;;))