Ontario pension buys proxy advisory firm, Glass Lewis, for $46M
The Ontario Teachers’ Pension Plan said it will acquire San Francisco-based proxy advisory firm Glass, Lewis from Xinhua Finance for $46 million.
That’s about the $45 million that the Chinese company paid for the company last year.
But the WSJ reports that ownership of the firm by an activist institutional investor such as the Ontario pension plan may raise questions about bias. Story here.
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