M&F Worldwide Corp to acquire John H. Harland Co.

Bank News, February, 2007 by Anonymous

A definitive merger agreement for M&F Worldwide Corp, New York City, to acquire John H. Harland Co., Atlanta, in a cash transaction valued at $1.7 billion. The merger is expected to dose in the second half of 2007, at which time Harland will become a wholly owned subsidiary of M&F Worldwide.

M&F Worldwide is the parent company of Clarke American, which is a strategic partner to more than 3,200 financial institutions, offering its financial institution customers a wide array of comprehensive marketing services and products.

Commenting on the announcement, Chairman and CEO of M&F Worldwide Howard Gittis said, "This acquisition will combine the firms' complementary products and services to create a more effective and efficient strategic partner to financial...

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