VeriFone Holdings Inc. already has integrated much of Lipman Electronic Engineering Ltd. into its own operations in preparation for the planned Nov. 1 close on its purchase of the Israel-based terminal maker, says William Atkinson, VeriFone executive vice president. "We will begin Day 1 completely integrated. We are locked and loaded," says Atkinson. On Sept. 6, VeriFone reported it received clearance from the U.S. Department of Justice to purchase Lipman. The department in June had asked for more information on VeriFone's proposed $793 million purchase of fellow payment terminal maker Lipman. VeriFone and Lipman shareholders approved the merger in mid-September.
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October 01, 2006, 11:33 a.m. EDT 1 Min Read
