AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Fidelity National on M&A tear.

The Daily Deal

| September 10, 2004 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: David Shabelman

Acquisitive Fidelity National Financial Inc. emerged as the top bidder for InterCept Inc., agreeing Thursday, Sept. 9, to pay $408 million for the financial data processing firm.

Terms call for Fidelity National to pay $18.90 a share for InterCept in cash or in a combination of cash and Fidelity stock. The purchase price represents an 8% premium to InterCept's closing share price on Wednesday.

"It's a great deal for InterCept and their shareholders," said Stephen Laws, research analyst with W.R. Hambrecht + Co. "I think they got as much for the company as they could."

Fidelity National will submit the offer to …

Related articles from newspapers, magazines, journals, and more
Fidelity National Financial to acquire InterCept.
News wire article from: Asia Africa Intelligence Wire November 15, 2004 700+ words
Event Brief of Q3 2004 Fidelity National Financial Earnings Conference Call -...
News wire article from: Fair Disclosure Wire October 21, 2004 700+ words
Event Brief of Q1 2005 Fidelity National Financial Earnings Conference Call -...
News wire article from: Fair Disclosure Wire April 26, 2005 700+ words
Q3 2004 Fidelity National Financial Earnings Conference Call - Final.
News wire article from: Fair Disclosure Wire October 21, 2004 700+ words
Q1 2005 Fidelity National Financial Earnings Conference Call - Final.
News wire article from: Fair Disclosure Wire April 26, 2005 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily