CheckFree Investors OK Sale to Fiserv

Published October 26, 2007, 1:00 a.m. EDT

Updated October 25, 2007, 5:40 p.m. EDT

1 Min Read

CheckFree Corp. shareholders formally voted to approve the Atlanta bill payment service provider's deal to sell itself to Fiserv Inc.

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In a Securities and Exchange Commission filing Wednesday, CheckFree said that investors holding roughly 79% of the shares entitled to vote approved the deal.

CheckFree would become a wholly owned subsidiary of the Brookfield, Wis., banking technology provider.

Fiserv said in August it would pay $4.4 billion in cash, or $48 a share. The transaction is expected to close this quarter.

The Federal Trade Commission and the Justice Department approved the deal last week.

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