Financial technology provider ACI Worldwide Inc and S1 Corp have been asked by the U.S. Department of Justice to provide more information relating to ACI's proposed acquisition of S1.The request, which is focused on the card payments business, extends the antitrust waiting period by 30 days after ACI has complied with the request.In a joint statement, the companies said they would cooperate with the DOJ to obtain antitrust regulatory clearance for the proposed acquisition as soon as possible.Earlier this month, ACI scooped up smaller rival S1 for $516 million after sweetening the deal for the third time in three months.
ACI Worldwide, Inc. (ACI) develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. Shares of ACIW traded higher by 1.06% or $0.33/share to $31.44. In the past year, the shares have traded as low as $22.14 and as high as $37.93. On average, 353579 shares of ACIW exchange hands on a given day and today's volume is recorded at 511882.
