Metavante Receives NYCE Shareholder Approval

Monday 14 June 2004 11:59 CET | News

Bank of America Corporation, Citigroup Inc., HSBC USA Inc. and J.P. Morgan Chase & Co. shareholders of NYCE Corporation have waived their rights to match the terms of the definitive agreement announced on May 17, 2004, by Metavante and First Data Corporation.

As previously announced, the definitive agreement provides for the purchase of substantially all of the stock of NYCE Corporation by Metavante for approximately $610 million in cash. The transaction remains subject to regulatory approvals and other customary conditions.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce