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All the Way to the Bank

Allen Systems + Viasoft, CheckFree + Bank of America e-billing, Clarus + iSold.com, InfoSpace + IQorder, Intersil + No Wires Needed, TheStreet.com + BiGFiSH




 CheckFree (CKFR) acquires Bank of America e-billing assets

 

   *  Amount:         $395.6 million

 

   *  Terms:            10 million shares + 10 million warrants
 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      A-

 


    CHARLOTTE, April 27--CheckFree Holdings (CKFR) said it would buy Bank of America's (BAC) electronic billing and payment assets through a strategic agreement that would give the bank a 16 percent stake in CheckFree, a provider of financial electronic commerce services and products. The pact, which is subject to regulatory approval, is valued at $395.6 million plus warrants, based on Wednesday's CheckFree closing share price of 39-9/16.

     

 



 InfoSpace (INSP) acquires IQorder.com