ICPT sells IBill?

Mike AI · 02-11-2004

This is interesting

http://biz.yahoo.com/rc/040211/financial_i...ntercept_1.html

Reuters
InterCept to sell merchant svcs unit to CEO,others
Wednesday February 11, 9:33 am ET

NEW YORK, Feb 11 (Reuters) - InterCept Inc. (NasdaqNM:ICPT - News), which offers banks electronic fund transfer and other services, on Wednesday said it entered a letter of intent to sell its InterCept Payment Solutions merchant services division to its chief executive and others for $37.4 million.
The Atlanta-based company said the purchase price includes cash, a promissory note and assumed liabilities. It said it expects to take a $135 million charge from the sale, prior to tax benefits, for the fourth quarter ended Dec. 31, 2003.

InterCept said the purchase group includes Chief Executive John Perry, other management, and a third-party merchant payment services provider. The sale is expected to close this month, pending the signing of a definitive agreement, it said.

02-11-2004	#1
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	This is interesting http://biz.yahoo.com/rc/040211/financial_i...ntercept_1.html Reuters InterCept to sell merchant svcs unit to CEO,others Wednesday February 11, 9:33 am ET NEW YORK, Feb 11 (Reuters) - InterCept Inc. (NasdaqNM:ICPT - News), which offers banks electronic fund transfer and other services, on Wednesday said it entered a letter of intent to sell its InterCept Payment Solutions merchant services division to its chief executive and others for $37.4 million. The Atlanta-based company said the purchase price includes cash, a promissory note and assumed liabilities. It said it expects to take a $135 million charge from the sale, prior to tax benefits, for the fourth quarter ended Dec. 31, 2003. InterCept said the purchase group includes Chief Executive John Perry, other management, and a third-party merchant payment services provider. The sale is expected to close this month, pending the signing of a definitive agreement, it said. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!