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HNC Directors to Join Fair, Isaac As Merger Between Two Is Finalized.(Brief Article)
The merger between Fair, Isaac and Co. and HNC Software Inc. is now complete, Fair, Isaac has reported. The two companies have now received regulatory clearance for the merger plan. Stockholders approved the plan last month. Integration teams from both firms have been working for the past three months to finalize the merger.
Under the terms of the agreement between the two companies, HNC shareholders will receive 0.519 of a newly issued share of Fair, Isaac common stock for every share of HNC common stock. In addition, the board of directors of the merged entity, which will operate under the Fair, Isaac name, will increase from Fair, Isaac's original seven to nine, with the two additional board members coming from HNC's board.
The new board members are Alex "Pete" Hart, and Thomas Farb.
Mr. Hart, who has been an HNC director ...
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