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Jack Henry to buy Goldleaf
MONETT, Mo. and ATLANTA (8/24/09)--Jack Henry and Associates announced last week that it plans to acquire Goldleaf Financial Solutions. Jack Henry provides integrated technology solutions and data processing services for financial institutions, including credit unions. Goldleaf provides integrated technology solutions aimed to help financial institutions improve their performance. Goldleaf shareholders will receive 98 cents per share in cash in exchange for their shares, representing a premium of about 40% over Goldleaf’s closing share price on Aug. 14. Jack Henry also will retain Goldleaf’s outstanding debt and accrued interest obligations, which is expected to be $42 million at closing. The transaction is set to be completed by the end of the third quarter or early in the fourth quarter.


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