Proxy Advisory Firms Endorse First National’s Acquisition Plan

The latest announcement is out from First National Financial ( (TSE:FN) ).

First National Financial Corporation has announced that leading proxy advisory firms ISS and Glass Lewis have recommended shareholders vote in favor of a proposed plan of arrangement with Regal Bidco Inc. This arrangement involves Regal Bidco acquiring all outstanding shares, except those owned by the company’s founders, for $48.00 per share in cash. The board of directors and a special committee have determined that the arrangement is in the best interests of the company and its shareholders, offering fair value and liquidity. The shareholder meeting to approve this resolution is scheduled for September 30, 2025.

The most recent analyst rating on (TSE:FN) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on First National Financial stock, see the TSE:FN Stock Forecast page.

Spark’s Take on TSE:FN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FN is a Neutral.

First National Financial’s stock score is primarily influenced by its strong technical indicators and attractive valuation. However, financial performance concerns, particularly high leverage and cash flow challenges, weigh on the overall score. The absence of earnings call and corporate events data means these factors do not influence the score.

To see Spark’s full report on TSE:FN stock, click here.

More about First National Financial

First National Financial Corporation is a Canadian-based company that operates as an originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. It manages over $155 billion in mortgages, positioning it as one of Canada’s leading financial service providers in the mortgage industry.

Average Trading Volume: 83,827

Technical Sentiment Signal: Buy

Current Market Cap: C$2.89B

For a thorough assessment of FN stock, go to TipRanks’ Stock Analysis page.