CheckFree acquires Carreker for $8.05 per share

By Lisa Kerner

Charlotte, N.C., April 2 - CheckFree Corp. completed its $8.05-per-share acquisition of Carreker Corp. for a total purchase price of about $206 million, according to a company news release.

The proposed acquisition was announced on Jan. 2.

"CheckFree has combined its comprehensive solutions for [automatic clearing house] processing, check conversion and payments reconciliation with Carreker's experience in payments consulting, check payment technology, fraud management, and cash and logistics management to create a leader in payments technology," CheckFree chairman and chief executive officer Pete Kight said in the release.

Carreker is a Dallas-based provider of payment technology and consulting services for the financial services industry.

Located in Atlanta, CheckFree provides financial electronic commerce services and products.

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