DENVER, Oct. 28 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC), a
global leader in electronic commerce and payment services, today announced
that its shareholders voted to approve the Company's previously announced
merger with Concord EFS (NYSE: CE).
On April 2, 2003, First Data and Concord announced that the two companies
had entered into a definitive agreement to merge in an all-stock transaction
valued at approximately $7 billion. For six months both companies worked
cooperatively with the Department of Justice (DOJ) seeking clearance under the
Hart-Scott-Rodino Antitrust Improvements Act. Notwithstanding these efforts,
on October 23, 2003 the DOJ filed a civil antitrust lawsuit to block the
proposed merger. Consummation of the merger remains subject to such
litigation.
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps
powers the global economy. As the a leader in electronic commerce and payment
services, First Data serves approximately 3 million merchant locations, 1,400
card issuers and millions of consumers, making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
payment. With 29,000 employees worldwide, the company provides credit, debit,
smart card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; Western Union(R) money transfers
services; and money orders; and check processing and verification services
throughout the United States. First Data also offers a variety of payment
services in the United Kingdom, Australia, Canada, China, Japan, Mexico,
Spain, the Netherlands, the Middle East and Germany. Its Western Union and
Orlandi Valuta money transfer agent networks include approximately 169,000
Agent locations in more than 195 countries and territories. For more
information, please visit the company's Web site at http://www.firstdata.com .
FDC-1
SOURCE First Data
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Related links:
http://www.firstdata.com
CONTACT:
Investor Relations, David Banks,
+1-303-967-8057, david.banks@firstdatacorp.com, or Media
Relations, Staci Busby, +1-303-967-7188,
staci.busby@firstdatacorp.com, both of First Data
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