Thomas H. Lee Partners and Fidelity National Financial Complete Acquisition of Ceridian
MINNEAPOLIS/BOSTON/JACKSONVILLE (November 09, 2007) – Ceridian Corporation (NYSE: CEN), Thomas H. Lee Partners, L.P. (“THL Partners”) and Fidelity National Financial, Inc. (NYSE: FNF) today announced that THL Partners and FNF have completed the acquisition of Ceridian for approximately $5.3 billion.
“For us, and for our customers, this is a very positive change. THL Partners and FNF are reputable organizations that acquired Ceridian because they believe in our management team, in our employees and in the strengths of our business,” said Kathryn V. Marinello, President and Chief Executive Officer of Ceridian.
Under the terms of the merger agreement, Ceridian stockholders are entitled to receive $36.00 in cash, without interest, for each share of Ceridian common stock that they hold. Ceridian common stock ceased trading on the NYSE before commencement of trading on November 9, 2007 and will be delisted from the NYSE.
Letters of transmittal allowing Ceridian stockholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be distributed promptly after the closing. Stockholders of record should be in receipt of the letter of transmittal before surrendering their shares.
Source: Ceridian
