Ceridian acquired, stock ceases trading

By Lisa Kerner

Charlotte, N.C., Nov. 9 - Thomas H. Lee Partners, LP and Fidelity National Financial, Inc. completed their $5.3 billion acquisition of Ceridian Corp.

Ceridian shareholders will receive $36 per share. The company's common stock ceased trading on the New York Stock Exchange prior to trading on Friday.

"For us, and for our customers, this is a very positive change. THL Partners and FNF are reputable organizations that acquired Ceridian because they believe in our management team, in our employees and in the strengths of our business," Ceridian president and chief executive officer V. Marinello said in a company news release.

Ceridian is a Minneapolis information services company.

Thomas H. Lee is a Boston-based private equity investment firm, and Fidelity National Financial is a title and specialty insurance company based in Jacksonville, Fla.

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