Providian Financial Shareholders Approve Merger with Washington Mutual

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005965-providian-financial-shareholders-approve-/

SAN FRANCISCO – Providian Financial Corporation yesterday announced that shareholders have approved the Company’s merger with Washington Mutual. 83% of the 237,791,081 shares voted were in favor of the merger (67% of the total outstanding shares). A majority of the total outstanding shares were needed for approval. The results were announced at a special meeting of Providian shareholders held today in San Francisco.

“We’re gratified that Providian shareholders recognized the value and logic of the merger with Washington Mutual and voted to support the transaction. Together, Providian and Washington Mutual will make a formidable competitor in the financial services marketplace,” said Providian Chairman and Chief Executive Officer Joseph Saunders. The Company expects the transaction to close on October 1, 2005.

Providian Financial Shareholders Approve Merger with Washington Mutual

Unknown Author

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