Concord EFS CE
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The 10% Problem
Concord EFS recently reduced its earnings forecast for the remainder of fiscal 2002 by about a nickel per share. The market reacted harshly …
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Examining New Healthcare Taxes
… the Justice Department's decision, announced Thursday, to attempt to block the merger between First Data FDC and Concord EFS CE . We have been valuing the companies as stand-alone entities, so our fair value estimates for each are unaffected …
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First Data Sells NYCE to Metavante
… million. The Justice Department required First Data's divestiture of NYCE as a condition of the firm's purchase of Concord EFS (and its market-leading STAR network) earlier in the year. We view the willingness of NYCE's minority shareholders …
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Stock Analyst Note - First Data
… keeping our fair value estimate for First Data at $48 per share following the firm's long-awaited acquisition of Concord EFS . We estimate that First Data paid a 56% premium to our Concord fair value estimate, which transferred nearly all …
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Concord Merges with First Data
Processing giant First Data FDC completed its acquisition of Concord EFS CE after Concord shareholders voted Thursday to approve the deal. We believe First Data paid a fair price, so we do not expect this …
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Stock Analyst Note - Concord EFS
Our stand-alone fair value estimate for Concord remains $9 per share, following the firm's recent release of fourth-quarter results that met our expectations. Despite double-digit growth in the number of transactions Concord processed, operating revenue expanded about 8%, reflecting the price ...
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Concord 4Q Meets Expectations
Concord EFS ' CE fourth-quarter results, announced Monday, met our expectations, and we do not expect to change our forecasts for the firm …
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Stock Analyst Note - First Data
… First Data agreed in December to settle its suit with the Department of Justice regarding its planned merger with Concord EFS CE . The firms expect to close the transaction at the end of February, and First Data is expected to sell its share of …
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Stock Analyst Note - Concord EFS
Our fair value estimate for Concord remains $9 per share. The Justice Department recently moved to block Concord's merger with First Data, but the companies intend to defend their combination in court. The trial is set to begin December 15. While we believe Concord's assets would be worth more as
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Stock Analyst Note - First Data
… term investors is unchanged. The DOJ recently filed an antitrust lawsuit to block First Data's proposed merger with Concord EFS CE , and the trial is scheduled to begin December 15. Our fair value estimate for First Data continues to exclude expected …