First Financial Management Corp. Completes Acquisition of Alta Health Strategies Inc

First Financial Management Corp. (FFMC) (NYSE:FFM) Thursday announced the completion of the acquisition of ALTA Health Strategies Inc. (ALTA). ALTA shareholders approved the transaction March 31. ALTA shareholders are receiving total consideration of $115 million in a taxable transaction, consisting...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Authors Thomas, Patrick H, Schachner, E.D.M., Sharp, Donald Y
Format Newsletter
LanguageEnglish
Published New York Business Wire 02.04.1992
Subjects
Acquisitions & mergers
Electronics industry
South Atlantic
Atlanta
GA
US
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Summary:First Financial Management Corp. (FFMC) (NYSE:FFM) Thursday announced the completion of the acquisition of ALTA Health Strategies Inc. (ALTA). ALTA shareholders approved the transaction March 31. ALTA shareholders are receiving total consideration of $115 million in a taxable transaction, consisting of $60 million in cash and the balance in shares of FFMC common stock. Ninety-four and one-half percent of ALTA shareholders elected to receive cash, resulting in a proration with respect to cash elections. (excerpt)