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| CyberSource-Authorize.Net Deal Final |
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CyberSource Corporation, , a leading provider of electronic payment and risk management solutions, today announced that it has completed the acquisition of Authorize.Net Holdings, Inc. of Marlborough, Massachusetts. CyberSource first announced an agreement to acquire Authorize.Net Holdings on June 18, 2007. Requisite stockholder approvals have been obtained and all regulatory requirements have been met. The acquisition was a stock and cash transaction valued at approximately $662 million, based on the closing price of CyberSource common stock on October 31, 2007. Under the terms of the merger agreement, Authorize.Net stockholders will receive 1.1611 shares of CyberSource common stock for every share of Authorize.Net common stock. Additionally, Authorize.Net stockholders will receive a pro-rata share of $125 million, or approximately $4.42 per share, in the form of a cash payment. As a result of the acquisition, CyberSource now has approximately 217,000 customers, ranging in size from home-based businesses to some of the largest enterprises in the world. (PR Newswire) |
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Strategic Leadership &
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 2008 Annual Meeting Exhibitor Information is Here! If you're planning to join the leading companies in the payments business in the ETA Annual Meeting exhibiton hall next April, now is the time to reserve your space and make your plans. Everything you need is here . |
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