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Mizuho Financial Group (NYSE:MFG) said it plans to move forward with its announced purchase of boutique advisory firm Greenhill (NYSE:GHL).
Mizuho told the New York Post in a story published on Thursday that it plans to move forward with the deal, but declined to comment further. Mizuho didn’t return the Seeking Alpha’s email request for comment in recent days.
There has been some vague speculation in recent days that Mizuho (MFG) could try to get out of its planned $550 million acquisition of Greenhill due to some negative publicity about Greenhill CEO Scott Bok, who is under pressure from some prominent investors to step down as a chair of the board of trustees at the University of Pennsylvania.
Prominent hedge fund managers and other investors have called for changes at the University of Pennsylvania and other higher education institutions, including Harvard University, for their stance on the Israel-Hamas war and a lack of condemnation against anti-Semitism.
Mizuho Financial (MFG) agreed in May to buy boutique investment bank Greenhill (GHL) in an all-cash deal at $15 a share, which values the firm at around $550 million, including debt.