HFBE Advises PULSE EFT Association In $311 Million Merger With Discover Financial Services
Discover Financial Services, a business unit of Morgan Stanley, and PULSE EFT Association jointly announced the signing of a definitive merger agreement. Discover Financial Services will acquire PULSE for an aggregate purchase price of approximately $311 million and other strategic value. Howard Frazier Barker Elliott, Inc., acted as financial advisor to PULSE in the transaction.
PULSE will become a business unit of Discover Financial Services and retain its brand, pricing and operating platform as well as its management team, staff and Houston headquarters.
Houston, Texas and Riverwoods, Illinois
11/15/04
Download: PULSE_TO_MERGE_WITH_DISCOVER_Press_Release_11_15_04.pdf
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