Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Undisclosed buyer
Actual Acquirer:
Undisclosed buyer
Target:
Merchant processing business
Deal Type:
Financial Technology Company
Agreement Date:
6/30/2010
Announcement Date:
6/30/2010
Announced Deal Value ($ M):
1.44
Announced Deal Value, As Reported ($ M)
1.44
Status:
Completed
Completion Date:
6/30/2010
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Unclassified ($M) 1.4

Deal Terms
Description of Consideration

An undisclosed buyer paid approximately $1.4 million to acquire the merchant processing business from Plumus Bancorp.

Percent Acquired (%) NA
Purchase Method Acquisition
Merger of Equals? NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA