Proxy Governance opposes FTD-United deal

NEW YORK Aug 5 (Reuters) - Investor advisory firm Proxy Governance Inc recommended on Tuesday that FTD Group Inc FTD.N shareholders vote against a proposed takeover of the company by Internet service provider United Online Inc (UNTD.O).

United Online agreed in April to buy FTD Group, a provider of floral services and products.

Proxy Governance said the transaction undervalues FTD and expressed concern about a possible lack of safeguards for shareholders in the deal. (Reporting by Paritosh Bansal; Editing by Andre Grenon)