Ceridian Stockholders Approve $5.3 Billion Takeover

Published September 12, 2007, 6:16 p.m. EDT

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Updated August 27, 2020, 1:40 a.m. EDT

1 Min Read

MINNEAPOLIS – Shareholders of human resources and payroll services provider Ceridian Corp. approved the sale of the company yesterday to a group led by buyout firm Thomas H. Lee Partners LP and Fidelity National Financial. The buyers will pay $36 per share, or a total of $5.3 billion in cash. Ceridian is one of the top human resources outsourcers and has several top 100 credit unions as customers. It also is a major payment processor and issuer of credit, debit and stored value cards.

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