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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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From: Sr K8/2/2007 10:04:13 AM
   of 20297
 
takeout at $48

Reuters U.S. Company News
08:44 a.m. 08/02/2007

NEW YORK, Aug 2 (Reuters) - Fiserv Inc., (FISV) which sells data processing technology and services to the financial industry, said on Thursday it was buying CheckFree Corp. (CKFR), an online check and bill-paying company, for $4.4 billion in cash.

CheckFree shareholders would receive $48 per share, or 30 percent more than the Aug. 1 closing level of $36.83.

The deal is expected to close by Dec. 31. (Reporting by Dan Wilchins)
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