S1 Corp. said Wednesday that it will take a look at the takeover offer it got this week from ACI Worldwide but that its merger plans with Fundtech remain in force.
ACI, with U.S. operations based in Elkhorn, Neb., said Monday it was offering $9.50 a share in a cash-and-stock transaction valued at approximately $540 million, a deal the international provider of payment systems said is superior to Atlanta-based S1's recently announced plans to merge with Fundtech.
Fundtech and S1 said their deal, announced July 18, was valued at approximately $700 million, a stock swap that would keep the combined operation based in Atlanta and keep Fundtech as the corporate name.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
