FDC, FFM merger gets SEC approval for merger.HACKENSACK, N.J.--(BUSINESS WIRE)--Sept. 26, 1995--First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ) said today that it had received clearance from the Securities and Exchange Commission (SEC) to proceed with its previously announced merger with First Financial Management Corp. The SEC formally declared FDC's Registration Statement effective, allowing the companies to mail proxy statements to shareholders for meetings scheduled Thursday, Oct. 26, in Atlanta. The companies said proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other will be mailed on Sept. 27. FFM FFM Frankfurt Am Main FFM Fat-Free Mass (muscle) FFM Female Female Male FFM Full Face Mask (diving) FFM Final Fantasy Movie FFM Fundus Flavimaculatus FFM Frequent Flyer Mile(s) shareholders will receive 1.5859 shares of FDC common stock for each share of FFM common stock, for total consideration of approximately $7 billion, based on today's closing price on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . First Financial Management Corp. is a worldwide leader in information services providing merchant processing and related services, non-bank money transfer, health care claims processing and cost containment services, and data imaging services. First Data Corp. is a leading provider of high-quality, high-volume information processing and related services to the transaction card, payment instruments, mutual fund, teleservices, receivables and information management industries. CONTACT: First Data Corp., Hackensack Gary P. Tobin, 201/525-4707 |
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