Ipayment (NASDAQ:IPMT)
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From May 2019 to May 2024
iPayment, Inc. (NASDAQ: IPMT) announced that its
stockholders approved the Agreement and Plan of Merger, dated as of
December 27, 2005, among iPayment Holdings, Inc. ("Holdings"),
iPayment MergerCo, Inc. and iPayment, Inc., at today's Special Meeting
of Stockholders. Upon completion of the merger, each issued and
outstanding share of iPayment's common stock will be converted into
the right to receive $43.50 in cash without interest (other than
shares of iPayment's common stock held by Holdings or any of its
subsidiaries immediately prior to the effective time of the merger and
shares of iPayment's common stock held by iPayment or any of its
subsidiaries, or shares held by iPayment's stockholders who perfect
their appraisal rights under Delaware law).
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements that involve
risks and uncertainties relating to future events, including whether
and when the merger will be consummated. A variety of factors could
cause actual events or results to differ materially from those
expressed or implied by the forward-looking statements. These factors
include, but are not limited to, risks that regulatory clearances may
not be obtained in a timely manner or at all, that an order or
injunction may be imposed prohibiting or delaying the merger and that
any other conditions to the merger may not be satisfied. iPayment
assumes no obligation to update the forward-looking information.
iPayment, Inc. is a provider of credit and debit card-based
payment processing services to approximately 140,000 small merchants
across the United States. iPayment's payment processing services
enable merchants to process both traditional card-present, or "swipe,"
transactions, as well as card-not-present transactions, including
transactions over the internet or by mail, fax or telephone.