First Data shareholders to vote July 31 on merger plan with private equity firm

By Lisa Kerner

Charlotte, N.C., June 20 - First Data Corp. will hold a special meeting of shareholders on July 31.

Shareholders of record as of June 21 will be asked to vote on the proposed $34-per-share acquisition of First Data by an affiliate of Kohlberg Kravis Roberts & Co.

The transaction, valued at about $29 billion, was announced on April 2 and is expected to close during the third quarter, according to a company news release.

Denver-based First Data provides electronic commerce and payment solutions for businesses.

Kohlberg Kravis Roberts, a private equity firm specializing in management buyouts, has offices in New York, Menlo Park, Calif., London, Paris, Hong Kong and Tokyo.

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