CheckFree Acquires Carreker for $206 Million
CheckFree, a provider of electronic bill-payment services, on Tuesday said it will acquire Carreker, a Dallas-based financial services software developer and consultant, for US$206 million, or $8.05 per share. The purchase price represents a 5.4 percent premium over Carreker's closing price on Friday of $7.64. The stock has traded in a 52-week range of $4.82 to $7.89 on the Nasdaq. CheckFree plans to finance the deal through a combination of cash and borrowing.
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