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Posted by Ken Blake on December 21, 2007, 12:48 pm
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wrote:
> Hi, Gang.
>
> Maybe most of you already knew this, but it was news to me today!
>
> <paste>
> SAN FRANCISCO (MarketWatch) -- Intuit Inc. (INTU:Intuit Inc
>
> 4:00pm 12/20/2007
>
> INTU 30.43, +0.34, +1.1%) said late Wednesday it signed a definitive
> agreement to buy Electronic Clearing House, a provider of electronic payment
> processing services. Under the terms of the deal, Intuit will pay $17 a
> share in cash for Electronic Clearing House, including shares issuable upon
> exercise of options, for a total of about $131 million on a fully diluted
> basis, according to Intuit. The two companies had signed a similar agreement
> in December 2006 but the parties mutually terminated that deal in March.
> </paste>
News to me too, RC. Thanks.
> Do you suppose this will help or hurt our frequent problems will late or
> missing daily stock quotes in One Step Update?
Sorry, RC, I'm confused. Why should purchase of a company that is "a
provider of electronic payment processing services" affect it one way
or the other?
--
Ken Blake
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