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ACI Worldwide Inc Announces Acquisition Of Official Payments Holdings Inc-Form 8-K

Monday, 23 Sep 2013 04:19pm EDT 

ACI Worldwide Inc reported in its Form 8-K that on September 23, 2013, ACI Worldwide, Inc., a Delaware corporation (ACI), Olympic Acquisition Corp., a Delaware corporation and indirect wholly owned subsidiary of ACI (Merger Sub), and Official Payments Holdings, Inc., a Delaware corporation (OPAY), entered into an Agreement and Plan of Merger providing for the acquisition of OPAY by ACI. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions described therein, ACI has agreed to cause Merger Sub to commence a tender offer as promptly as practicable after September 23, 2013, for all of OPAY’s outstanding shares of common stock, par value $0.01 per share, at a purchase price of $8.35 per OPAY Share in cash. Following the completion of the Offer, and subject to the terms and conditions of the Merger Agreement, Merger Sub will be merged with and into OPAY (Merger), with OPAY surviving as a wholly owned subsidiary of ACI. 

Company Quote

-0.07 -0.29%
2 Jul 2015