OTHER NEWS - Aug. 25, 1995
<i> Times Staff and Wire Reports</i>
Info Service Firms to Merge: Ceridian Corp. said it will acquire Comdata Holdings Corp. in a stock deal worth $900 million, creating a company with $1.3 billion in annual revenue. The news ignited a jump in the stock of Brentwood, Tenn.-based Comdata, which rose $4.3125 to $24.1875 on the Nasdaq. Minneapolis-based Ceridian rose $2.25 to $44.125 on the New York Stock Exchange. Analysts said the deal is attractive from both a financing standpoint and because of potential synergies. Comdata, which provides transaction processing and information services to the transportation and gaming industries, will operate as an independent unit of Ceridian, an information services and defense electronics company with estimated 1995 revenue of $1 billion.
