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MCDONNELL DOUGLAS SIGNS AGREEMENT TO SELL TELECHECK SERVICES

 MCDONNELL DOUGLAS SIGNS AGREEMENT TO SELL TELECHECK SERVICES
 ST. LOUIS, July 7 /PRNewswire/ -- McDonnell Douglas Corporation (NYSE: MD) announced today it has signed a definitive agreement to sell the stock of TeleCheck Services, Inc. (TSI) to First Financial Management Corp. (FFMC). The sale is subject to governmental approval in accordance with the provisions of the Hart-Scott-Rodino Act. The terms of the McDonnell Douglas agreement with FFMC were not disclosed.
 TeleCheck provides check acceptance and guarantee services to retail merchants. TSI employs approximately 700 people. It is headquartered in Denver.
 TeleCheck became a wholly owned subsidiary of McDonnell Douglas in 1984 as part of the corporation's purchase of Tymshare. The sale agreement is part of the McDonnell Douglas strategy to focus on its core aerospace business.
 -0- 7/7/92
 /CONTACT: Pete Sloan of McDonnell Douglas Corporation, 314-232-2300/
 (MD) CO: McDonnell Douglas Corporation ST: Missouri IN: ARO SU:


TQ-TS -- NY012 -- 6881 07/07/92 09:12 EDT
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Publication:PR Newswire
Date:Jul 7, 1992
Words:156
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