Jones Day Helps ACI In Sweetened $520M S1 Purchase

Law360, New York (October 3, 2011, 2:49 PM EDT) -- Payments processing company ACI Worldwide Inc. said Monday that competitor S1 Corp. had agreed to an increased takeover offer worth about $520 million, following rival suitor Fundtech Ltd.'s decision to drop its bid after being taken over by a private equity firm.

New York-based ACI will pay about $360 million in cash and offer 5.8 million ACI shares, amounting to $9.55 per share, in a combination of $6.62 per share in cash and .106 shares of ACI common stock. That represents an increase of about 42...
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