|
Thursday, December 14, 2006
Intuit Buys Electronic Clearing House
Mountain View-based Intuit said Thursday afternoon that it is acquiring Camarillo-based Electronic Clearing House, in a deal worth $142M in cash. Intuit said it has signed a definitive agreement to acquired ECHO for $18.75 in cash for each share of ECHO common stock. Electronic Clearing House is a provider of payment processing serviecs, including check, bank card, check verification, and other serviecs. Intuit said it made the acquisition to enhance its leadership position with small and medium sized businesses. The acquisition is expected to close in the first quarter of 2007. ECHO was advised by Wedbush Morgan Securities in the acquisition.
posted on Thursday, December 14, 2006
|
 RSS
 Email
Twitter
Previous news:
Friday, November 21, 2008
Thursday, November 20, 2008
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Monday, November 17, 2008
|
