psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
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| Posted: Mon Jun 18, 2007 5:02 pm Post subject: Authorize.Net to be sold for $565 million |
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The electronic payment company CyberSource Corp. today said it will acquire Authorize.Net, a Marlborough company that provides electronic merchant services, for $565 million.
Authorize.Net shareholders will receive 1.1611 shares of CyberSource common stock for every share of Authorize.Net. They will also share a payout of approximately $125 million in cash. |
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