Bank One Corp. plans to buy 250,000 shares of newly issued stock from Checkfree Holdings Corp., according to a Checkfree earnings release for the latest quarter. Bank One would buy the shares at market price.

Checkfree, an electronic bill presentment and payment company, also said in the release that "in consideration of a long-term business relationship," it would issue warrants on up to three million shares of Checkfree stock to the Chicago-based banking company.

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