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Telecredit Inc

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BUSINESS
June 22, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Telecredit, a Los Angeles-based check guarantee firm, said Thursday it agreed to be acquired by Equifax, a provider of consumer credit ratings and financial information. Analysts hailed the tax-free stock-swap deal, valued at about $577 million based on Thursday's closing market prices, as one that would produce a faster growing, more competitive financial information company with revenues of more than $1 billion.
BUSINESS
November 15, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Equifax Inc., an Atlanta-based credit rating and financial information firm, amended the terms of its previously announced bid for Telecredit, a Los Angeles-based check guarantee company, the companies announced Wednesday. Meanwhile, the value of the deal has fallen by more than $100 million. Telecredit shareholders will now get about 2.86 shares of Equifax for every share of Telecredit they exchange, slightly richer than the previous exchange ratio of 2.
BUSINESS
November 15, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Equifax Inc., an Atlanta-based credit rating and financial information firm, amended the terms of its previously announced bid for Telecredit, a Los Angeles-based check guarantee company, the companies announced Wednesday. Meanwhile, the value of the deal has fallen by more than $100 million. Telecredit shareholders will now get about 2.86 shares of Equifax for every share of Telecredit they exchange, slightly richer than the previous exchange ratio of 2.
BUSINESS
May 2, 1985 | VICTORIA McCARGAR
Telecredit Inc., Los Angeles, announced the resignation of Louis P. Buglioli Jr., 35, who had served as president and chief operating officer since September, 1983. The company, which provides computerized check-verification and credit-card transaction services, did not give a reason for Buglioli's resignation. Chairman and Chief Executive Lee A. Ault III, reached at Telecredit's facility in Tampa, Fla.
BUSINESS
June 22, 1990 | JESUS SANCHEZ, TIMES STAFF WRITER
Telecredit, a Los Angeles-based check guarantee firm, said Thursday it agreed to be acquired by Equifax, a provider of consumer credit ratings and financial information. Analysts hailed the tax-free stock-swap deal, valued at about $577 million based on Thursday's closing market prices, as one that would produce a faster growing, more competitive financial information company with revenues of more than $1 billion.
NEWS
January 19, 1996 | LIBBY SLATE, SPECIAL TO THE TIMES
In 1993, inventor Ron Katz and his wife, Maddie, watched a teenager in the late stages of AIDS tell a television talk show host that he wished he could meet his mother. The mother, whom the boy had never known, lived in another state. That declaration struck a chord for the couple, who had developed an interest in AIDS issues years earlier.
BUSINESS
May 1, 1990
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