Payment processor iPayment Inc. said on Wednesday it received a revised proposal from Gregory Daily, its CEO, to acquire the company for $43 per share.
Daily announced a previous buyout proposal to iPayment on May 13, 2005 at $38 per share, which was not recommended by a special committee of directors. iPayment said the committee will now consider Daily’s revised bid.
For this complete story, please visit iPayment Receives Increased Bid from its CEO.
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