All the Way to the Bank

 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