Stamford, CT -- (SBWIRE) -- 09/23/2013 -- OTC Stock Picks is engaged in providing the most up to date and useful information on Best Penny Stocks poised to breakout. Our newsletter alerts the market with picks that Wall Street stock traders have ignored or haven’t found out about yet. These are the awesome penny stocks that the ‘underground penny stock experts’ brag about in our penny stock blogs. Here are some trending Stocks in focus: Deal of the Day: ACI Worldwide (NASDAQ:ACIW) and Official Payments Holdings, Inc. (NASDAQ:OPAY)
ACI Worldwide (NASDAQ:ACIW), a developer of software products and services for electronic payments, has decided to purchase Official Payments Holdings, Inc. (NASDAQ:OPAY) in a bid of $8.35 per share cash in a deal priced at an enterprise value of almost $109 million.
Both the firms boards have generally accepted this deal. ACI Worldwide would start a cash tender offer to purchase all outstanding shares of Official Payments on or about October 4, 2013.
How shares of ACIW Worldwide performed after such news? Find out here
Additionally, in connection with the effecting and delivery of the merger agreement, ACI Worldwide and Olympic Acquisition Corp. hit a separate deal with a fund linked with Parthenon Capital Partners, which possessed 10.8% of Official Payments' outstanding shares as of May 6, 2013, formed on the Schedule 13D filed by Parthenon with the SEC on May 9, 2013.
How shares of Official Payments Holdings performed after such news? Find out here
The tender bid would end at 12:00 midnight New York City time, 20 business days following the tender is started unless prolonged appropriate to the transaction deal and the applicable rules and regulations of the SEC. The tender offer might finish in the fourth quarter of 2013.
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