TrueCar Shareholders Advised to Support Acquisition by Fair Holdings by Leading Proxy Firms
TrueCar Receives Proxy Advisor Recommendations for Fair Holdings Transaction
TrueCar, Inc. (NASDAQ: TRUE), a well-respected name in the automotive digital marketplace, has recently garnered endorsements from two prominent independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. This recommendation supports TrueCar's board of directors' unanimous decision to proceed with the proposed transaction with Fair Holdings, Inc., a company headed by TrueCar’s founder Scott Painter. The vote is set before a special shareholder meeting on December 22, 2025.
Understanding the Recommended Transaction
The incoming transaction with Fair Holdings is positioned as a potentially lucrative opportunity for TrueCar stakeholders. Both ISS and Glass Lewis have underscored the significant immediate cash premium this deal offers to all TrueCar stockholders. According to TrueCar’s board, the deal symbolizes a strategic pathway that could significantly benefit the company and its shareholders. Issuing a statement, the board strongly urged that stockholders vote in favor of the agreement in the lead-up to the crucial meeting.
The acquisition deal is anticipated to close in late 2025 or early 2026, contingent on stockholder approval and meeting additional closing conditions. With both ISS and Glass Lewis suggesting a
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