Hit #185 (CheckFree)
Online payment services provider CheckFree (CKFR) was acquired by FiServ (FISV) for $4.4 billion in cash. The $48/share offer translates to a gain of 42.4% over my average cost of $33.7.
I had mentioned CheckFree as a target when it bought Corillian (Hit #144) earlier. In the same post I had mentioned S1 (SONE) as a potential target. While it still remains a target and fairly priced, recent heavy selling by insiders does not invoke confidence.
For long-term buy and holders FiServ would be a good buy, though I would recommend waiting for a better entry point.
Previous hit - Printronix (#184)
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