GREENWOOD VILLAGE, Colo.-
Credit card transaction processor First Data Corp. said Tuesday it received no third-party takeover proposals during a solicitation period set in an acquisition agreement with affiliates of private equity firm Kohlberg Kravis Roberts & Co.
The credit card transaction processor said in a Securities and Exchange Commission filing that the allotted 50-day period to solicit third-party proposals expired at midnight. A company spokesman declined additional comment on Tuesday.
First Data is being acquired by affiliates of the private equity firm for about $27 billion. KKR has offered $34 a share which is a premium of about 26 percent over First Data’s closing price on March 30, the last trading day before the acquisition was announced.
First Data’s stock rose 2 cents to $32.62 a share in early afternoon trading.
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