S1 Corp. said Wednesday that it will take a look at the takeover offer it got this week from ACI Worldwide but that its merger plans with Fundtech remain in force.
ACI, with U.S. operations based in Elkhorn, Neb., said Monday it was offering $9.50 a share in a cash-and-stock transaction valued at approximately $540 million, a deal the international provider of payment systems said is superior to Atlanta-based S1's recently announced plans to merge with Fundtech.
Fundtech and S1 said their deal, announced July 18, was valued at approximately $700 million, a stock swap that would keep the combined operation based in Atlanta and keep Fundtech as the corporate name.
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