Washington Mutual in $6.5 Billion Acquisition of Providian Financial
June 6, 2005
Cleary Gottlieb is representing Citigroup Global Markets as one of the financial advisors to Providian Financial Corp. in the acquisition of Providian by Washington Mutual Inc. for a combination of stock and cash. The acquisition was valued at approximately $6.5 billion.
Washington Mutual is the largest U.S. savings and loan and Providian is one of the largest independent credit card companies in the U.S.