Datatronix Financial Services shareholders approved the company's acquisition by Fiserv Inc.
San Diego-based Datatronix is a full-service processor of checks and financial items for approximately 140 institutions in California and the Southwest.
Shareholders will receive 1.69 shares of Fiserv stock for each share of Datatronix stock they own. This is the equivalent of $31.53 per share.
Renamed Fiserv San Diego Inc., the company will operate processing facilities in San Diego, Costa Mesa, Glendale, Riverside, and San Leandro, and employ more than 300 professionals.
Brookfield, Wis.-based Fiserv and its subsidiaries serve approximately 5,400 financial institutions worldwide.
