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Technology / AI and automation

COMDATA NETWORK TO MERGE WITH WELLS, CARSON, ANDERSON & STOWE

Electronic financial transfers company Comdata Network Inc is to merge into a limited partnership controlled by the New York venture capital firm of Wells, Carson, Anderson & Stowe in a deal worth $285.6m; Comdata holders get the choice of either $15 a share cash, or $10 cash and paper valued at $5.

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CBR Staff Writer

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