Wednesday, January 4, 2006
© Copyright 2013
Gwinnett Daily Post
NORCROSS - CheckFree Corp. said on Tuesday it acquired PhoneCharge Inc., an Internet and telephone bill payment company, for $100 million in cash.
Norcross-based CheckFree - one of Gwinnett's largest employers - said the acquisition expands its electronic payment business and strengthens its position in the market. CheckFree's stock price, which has hovered between $32.33 and $50.55 over the past year, rose 68 cents Tuesday to close at $46.58 on the Nasdaq. CheckFree said the acquisition will not affect fiscal 2006 earnings but will add to earnings thereafter. CheckFree plans to offer more details on the acquisition during its Jan. 24 quarterly earnings conference call. CheckFree, founded in 1981, is a worldwide electronic commerce and products company. Its headquarters cover hundreds of wooded acres along Jones Bridge Road in Norcross.More like this story
- CheckFree acquires Carreker Corp. for $206 million ( April 4, 2007 )
- Wisconsin-based company acquires CheckFree in cash ( August 3, 2007 )
- CheckFree Corp.'s stock price takes a dip ( April 26, 2007 )
- Plan offers tax credit for donated land ( January 8, 2006 )
- ID theft cases on the decline ( February 1, 2006 )
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment
Or login with:
OpenID