S1 Corp. (SONE) to Review ACI's (ACIW) Sweetened Proposal
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S1 Corporation (Nasdaq: SONE) today received from ACI Worldwide, Inc. (Nasdaq: ACIW) an unsolicited, revised cash and stock proposal to acquire S1 Corporation.
As previously announced, on June 26, 2011, S1 and Fundtech Ltd. (Nasdaq: FNDT) executed a merger agreement. S1's Board of Directors will review the terms of the revised proposal submitted by ACI in a manner consistent with its obligations under the merger agreement with Fundtech and applicable Delaware law, and will consider such options or alternatives that it believes to be in the best interests of S1's stockholders.
As previously announced, on June 26, 2011, S1 and Fundtech Ltd. (Nasdaq: FNDT) executed a merger agreement. S1's Board of Directors will review the terms of the revised proposal submitted by ACI in a manner consistent with its obligations under the merger agreement with Fundtech and applicable Delaware law, and will consider such options or alternatives that it believes to be in the best interests of S1's stockholders.
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