ACI and Official Payments have entered into a definitive agreement focused on the acquisition of Official Payments by ACI pursuant to a tender offer to acquire all outstanding Official Payments common shares at USD 8.35 per share.
The completion of the offer remains subject to the conditions as set forth in the Tender Offer Statement on Schedule TO filed by ACI with the Securities and Exchange Commission on October 4, 2013. Except for the extension of the offer expiration time, all other terms and conditions of the offer remain unchanged as of October 28, 2013.
In recent news, ACI Worldwide has launched ACI Bill Presentment Services, an outsourced offering that provides electronic bill presentment for consumer finance, insurance and utilities.
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