Tuesday, April 3, 2007

US financial-services sector seen ripe for buyouts

(Reuters) - This week alone, Kohlberg Kravis Roberts & Co. [KKR.UL] said it would buy First Data Corp. , which processes credit card payments, for $26 billion, while Wisconsin bank Marshall & Ilsley Corp. announced on Tuesday it would separate its payment-processing unit, Metavante Corp.

Private equity firms Bain Capital and Blackstone Group [BG.UL] are also among the bidders for Ceridian Corp. , which owns payment-processing business Comdata, sources familiar with the situation said last week.


Read more at Reuters.com Mergers News

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