SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 15, 1999
(April 15, 1999)
PAYMENTECH, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-14224 75-2634185
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1601 Elm Street, 9th Floor, Dallas, Texas 75201
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (214) 849-2149
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On April 15, 1999, Paymentech, Inc. (the "Company") and First Data
Corporation ("First Data") announced that, in connection with the pending
merger involving Paymentech and a newly-formed company which will be
jointly owned by First Data and BANK ONE CORPORATION ("BANK ONE"), the
parties have received a "second request" from the Department of Justice
(the "DOJ") under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended. On March 12, 1999 and March 15, 1999, First Data and BANK ONE
filed the necessary documents with the DOJ and the Federal Trade Commission
in connection with the merger.
The second request allows the DOJ to review certain additional
information in order to complete its antitrust examination of the proposed
merger. Paymentech anticipates that the additional information will
supplied to the government in the near term. In addition to this antitrust
clearance, the merger remains subject to other conditions, including
stockholder approval.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Exhibit
---------- --------
99.1 Press Release issued by the Company on April 15, 1999
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
PAYMENTECH, INC.
By: /s/ Philip E. Taken
-----------------------------------
Name: Philip E. Taken
Title: Chief Administrative
Officer and General Counsel
Date: April 15, 1999
INDEX TO EXHIBITS
Exhibit No. Exhibit
---------- -------
99.1 Press Release issued by the Company on April 15, 1999
EXHIBIT 99.1
Press Release
Paymentech
CONTACT:
Paymentech, Inc. First Data Corporation
Investors: Jean Krone Bono Investors: Collen D'Alessandro
(214) 849-3750 (770) 857-7188
Media: Rodney D Bell Media: Colleen Emigh
(214) 849-3776 (770) 857-7183
FOR IMMEDIATE RELEASE
GOVERNMENT REQUESTS ADDITIONAL INFORMATION
IN PAYMENTECH ACQUISITION
DALLAS/ATLANTA--April 15, 1999--Paymentech, Inc. (NYSE: PTI) and
First Data Corporation (NYSE: FDC) today announced that, in connection with
the pending merger involving Paymentech, the parties have received a
"second request" from the Department of Justice under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976. The second request will allow the
Department to review certain additional information in order to complete
its antitrust examination of the proposed merger. The parties anticipate
that the additional information will be supplied to the government in the
near term. The parties remain optimistic that after completion of the
government's review the proposed merger will receive antitrust clearance
and would close in the third quarter. In addition to antitrust clearance,
the merger remains subject to other conditions, including stockholder
approval.
Atlanta-based First Data Corporation is a leader in electronic
payment systems. First Data and its principal operating units process the
information that allows millions of consumers to pay for goods and services
by credit, debit or stored card at the point of sale or over the Internet;
by check or wire money. For more information about First Data, please visit
the company on the Internet at www.firstdatacorp.com.
Paymentech, Inc., founded in 1985, provides full-service electronic
payment solutions for merchants, third-party transaction processing, and
total commercial card payment programs. Paymentech is a leading acquirer of
bankcard transactions in the United States and a leading commerical card
issuer.
www.paymentech.com
