Davis + Henderson to buy Harland Financial for $1.2 billion
TORONTO (Reuters) - Davis + Henderson Corp (DH.TO), a Canadian financial services provider, said on Tuesday it has agreed to acquire U.S. rival Harland Financial Solutions for about $1.2 billion in cash from Harland Clarke Holdings Corp MFWH.UL.
The deal will broaden D+H's offerings for online and mobile banking, branch automation and commercial lending, said the Toronto-based company which tailors technology to the needs of credit unions, community banks and other financial institutions.
HFS has about 5,400 U.S. bank and credit union clients.
The deal will significantly boost D+H's exposure to the U.S. market. It is expected to close next month, subject to regulatory approvals.
(Reporting by Euan Rocha; Editing by Richard Chang)
LONDON - The euro reached a five-year peak against the yen and a six-week high against the dollar on Tuesday, as focus intensified on the dwindling level of spare cash in the euro zone's banking system and the ECB's apparent lack of concern.
WASHINGTON - U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.