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ACI Worldwide extends tender offer for Official Payments Holdings shares

Tuesday 29 October 2013 08:32 CET | News

ACI Worldwide, a US-based provider of payment systems, has extended its tender offer for all of the outstanding shares of common stock of Official Payments Holdings, a provider of electronic bill payment solutions.

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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Keywords: ACI Worldwide, tender offer, Official Payments Holding shares, payments , electronic bill payment
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce