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Ceridian Corporation

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  1. Ceridian Set to Be Acquired

    Commentary

    Fri, 14 Sep 2007

    Ceridian CEN is set be acquired after shareholders finally approved the $36 per share offer from Thomas H. Lee Partners and Fidelity National Financial FNF. We expect the deal to be completed before the end of the year.

  2. Ceridian Enters Merger Agreement

    Commentary

    Thu, 31 May 2007

    Ceridian CEN announced Thursday that it will be acquired ..... are placing our fair value estimate for Ceridian under review while we analyze the details ..... reaction is that the deal is a good one for Ceridian shareholders. We have contemplated what

  3. Fidelity to Acquire Ceridian

    Commentary

    Thu, 31 May 2007

    Wednesday, title and specialty insurer Fidelity National Financial FNF and Thomas H. Lee Partners offered to buy Ceridian CEN for $36 per share, well above our stand-alone fair value estimate for the human resources firm. We are placing

  4. Ceridian Reports 2Q Results

    Commentary

    Mon, 31 Jul 2006

    Ceridian CEN reported a mixed bag on July 27, but ..... increased 13%, generating just 30% of Ceridian 's revenues but a whopping two thirds ..... We forecast modest margin expansion as Ceridian cross-sells ancillary services. If

  5. Ceridian's 1Q Results

    Commentary

    Mon, 1 May 2006

    Ceridian CEN reported its first-quarter 2006 results ..... estimate to $19 per share from $17. Ceridian revenues increased 7.5% over last ..... on funds held for clients. We think Ceridian will experience further margin expansion

  6. Ceridian's Margins Should Expand

    Commentary

    Wed, 2 Nov 2005

    Ceridian 's CEN third-quarter results, reported Oct. 27, were in line with our forecast. We are not going to change our $17 fair value estimate. Ceridian delivered solid growth of 10.8% in the quarter. Sales were solid

  7. Ceridian Reports 2Q Results

    Commentary

    Tue, 9 Aug 2005

    Ceridian CEN reported second-quarter results that ..... changing our $17 fair value estimate. Ceridian 's human resources solutions division ..... larger fund balances held for clients. Ceridian 's Comdata segment continues to show

  8. Ceridian Delays Annual Report

    Commentary

    Thu, 17 Mar 2005

    Ceridian CEN announced Thursday that it is delaying the filing of its 10-K for 2004 and will again restate its previously reported results

  9. Ceridian Closer to Filing Results

    Commentary

    Fri, 17 Dec 2004

    immediately change our forecasts for Ceridian CEN following the company's recent ..... External auditors continue reviewing Ceridian 's financials, as does the Securities ..... Exchange Commission, which gave Ceridian another formal document request

  10. Ceridian Affected by Restatement

    Commentary

    Mon, 18 Oct 2004

    Ceridian 's CEN Monday announcement that its business has been negatively affected by ..... think it will have a major effect on our cash flow forecasts. However, Ceridian has reported that the uncertainty around its accounting has negatively

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