FleetCor Technologies Inc, a provider of fuel cards, said it would purchase payment services provider Comdata Inc from Ceridian LLC for $3.45 billion. FleetCor will finance the deal with about $2.4 billion of new debt and the issuance of about 7.3 million common shares of FleetCor to Ceridian.Ceridian is a portfolio company of funds affiliated with Thomas H. Lee Partners L.P. and Fidelity National Financial Inc .(Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)
FleetCor Technologies, Inc. is an independent global provider of fuel cards and workforce payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America and Europe. Shares of FLT fell by 1.6% or $-2.1/share to $129.44. In the past year, the shares have traded as low as $96.04 and as high as $138.19. On average, 569452 shares of FLT exchange hands on a given day and today's volume is recorded at 268448.
Shares of FNF fell by 0.43% or $-0.12/share to $27.91. In the past year, the shares have traded as low as $19.44 and as high as $28.90. On average, 3338420 shares of FNF exchange hands on a given day and today's volume is recorded at 1041762.
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