Telecredit and Equifax May Revise Merger Terms:...
From Times Staff and Wire Reports
Telecredit and Equifax May Revise Merger Terms: The two firms said they are discussing a possible revision of the ratio under which stock of Atlanta-based Equifax would be exchanged for stock of Los Angeles-based Telecredit. A possible revision may be triggered because the price of Equifax stock has fallen below a certain level. Equifax, which provides information services and systems for consumer financial transactions, said its shareholders have approved the merger agreement with Telecredit.
