FleetCor said it would finance the transaction with about USD 2.4 billion of new debt and the issuance of about 7.3 million common shares.
Recently, FleetCor reported that its second-quarter profit rose 21%. The company raised its 2014 guidance for adjusted earnings per share to USD 5.04 to USD 5.10, from a previous range of USD 4.97 to USD 5.07.
US-based Comdata processes purchases, payroll and accounts payable for companies in a range of industries.
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