Proxy advisers Institutional Shareholder Services and Ownership Matters have recommended shareholders in AusNet Services support the circa $10 billion takeover of the company by a consortium led by Canada’s Brookfield ahead of a critical shareholder vote on January 28.

The $2.65 per share cash deal, which values the power and gas infrastructure owner at $17.8 billion including debt, has already been approved by the Foreign Investment Review Board and is unanimously recommended by the target’s board.