Ontario Teachers' Pension Plan has acquired investment research company Glass, Lewis & Co., for $46 million, bringing ownership of the proxy advisory provider back to North America.
The pension plan bought the San Francisco-based company from Shanghai-based Xinhua Finance Ltd., which acquired Glass Lewis last December. Glass Lewis provides research to help institutional investors make investment and proxy-voting decisions by identifying business, legal, governance and financial statement risks. But some Glass Lewis staffers had concerns over Xinhua's corporate governance.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access