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Fiserv, First Data provide deal termination fee

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Fiserv, First Data provide deal termination fee

Fiserv Inc.'s planned acquisition of First Data Corp. has a $665 million termination fee to be paid under certain circumstances.

If either company terminates the deal due to the other company's board changing its recommendation on the deal, that company will receive the termination fee in cash. Additionally, under certain circumstances, if the deal is terminated as the result of a failure to obtain Hart-Scott-Rodino clearance or approval under any antitrust or competition law, First Data will receive the termination fee.