The debate over Washington Mutual Inc.’s proposed buyout of Providian Financial Corp. heated up again on Friday with one investor advisory service urging investors to disregard the advice of a rival.
Proxy Governance, a Vienna, Virginia-based firm that researches takeovers for institutional investors, warned Providian shareholders unhappy with the $6.45 billion deal that they would be making a costly and risky bet if they heeded the advice of San Francisco-based Glass Lewis & Co., another takeover research firm.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
