Fiserv Opens Its Wallet and Grabs CheckFree

August 2, 2007

Fiserv (FISV) is buying CheckFree (CKFR) in an all-cash deal. At$4.4 billion, the $48/share price is about 30% over CKFR's recent stock price. However, a year ago CKFR had just hit an all-time high of $56/share. Fiserv describes this deal as transformative - what does that mean? And, did CKFR shareholders get a good price?

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