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Published on 6/28/2007 in the Prospect News Special Situations Daily.

Ceridian shareholders to vote Sept. 12 on merger with investment firm, insurance company

By Lisa Kerner

Charlotte, N.C., June 28 - Ceridian Corp. will hold its annual meeting of stockholders on Sept. 12, according to a schedule 14A filing with the Securities and Exchange Commission.

Stockholders of record as of July 27 may vote on the company's proposed merger with Thomas H. Lee Partners and Fidelity National Financial, Inc., as well as the election of directors to Ceridian's board.

On May 30, Ceridian announced it would be jointly acquired by Thomas H. Lee Partners and Fidelity National for $36 per share in an all-cash transaction valued at approximately $5.3 billion.

The transaction is expected to close in the fourth quarter.

Ceridian is a Minneapolis-based provider of human resources, transportation and retail information management services.

Thomas H. Lee is a Boston-based private equity investment firm, and Fidelity National Financial is a title and specialty insurance company based in Jacksonville, Fla.


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