Towne Services, Inc. Announces Proposed Merger With Private Business, Inc

Essay specific features

 

Issue:

Business

 

Written by:

Christopher C

 

Date added:

October 27, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 623

 

Was viewed:

9441 times

 

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Essay content:

The merger is subject to customary closing conditions, including approval by the shareholders of both companies, and is expected to close in the first half of 2001. Commenting on the transaction, Lynn Boggs, chairman and chief executive officer of Towne Services, commented, "We are very excited to have the opportunity to join forces with Private Business in the merger of the two leading companies in the electronic transaction processing industry...
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We believe there are a number of significant financial and operating synergies that will be immediately realized with the combination of two companies who bring different, but very complementary strengths to the merger. Private Business has an outstanding sales culture with an enviable record of profitable sales to a nationwide network of community banks and thousands of small businesses across the United States...
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