| Title: | American Express Co acquires Corporate Payment Services from GE (pending) |
| Price: | $36.00 |
| Publication Date: | Mar 27, 2008 |
| Abstract: | US - American Express Co agreed to acquire Corporate Payment Services, a provider of financial and credit card services, from GE Consumer Finance Inc, a unit of General Electric Co's General Electric Capital Corp subsidiary, for $1.1 bil in cash. The transaction was subject to customary closing conditions and regulatory approvals. |
| Acquirer: | American Express Co |
| Acquirer Business Discription: | Pvd credit,finl svcs |
| Acquirer SIC Code: | 6141 - Personal credit institutions |
| Target Name: | Corporate Payment Services |
| Target Business Description: | Pvd finl,credit card svcs |
| Target Ultimate Parent: | GE |
| Target SIC Code: | 6153 - Short-term business credit institutions |
| Please Note: | Target Financials are not included in this report. |
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