Robin Sidel reports in this morning’s Wall St. Journal that First Data Corp. is close to a deal to acquire Concord EFS.
Boards of both companies are expected to meet Tuesday to consider a transaction, although it isn’t clear that they will vote on a deal. Indeed, the two companies have been in on-again, off-again talks for some time, and a deal could still fall apart or be delayed, these people said. Discussions lost steam several weeks ago, but have intensified in recent days, they said.