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Article: JPMorgan Chase to Acquire Xign Corporation.
- Article from:
- Business Wire
- Article date:
- April 18, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transaction Furthers JPMorgan Chase's Leadership Position in Order-to-Pay Space
NEW YORK -- JPMorgan Chase Bank, N.A. (NYSE: JPM) and Xign Corporation today announced that they have signed an Agreement and Plan of Merger whereby Xign, a leading provider of business-to-business on-demand financial settlement solutions, will be acquired and combined with the Commercial Card and Procurement businesses of JPMorgan Chase's Treasury Services unit. Under the Agreement and Plan of Merger, JPMorgan Chase will acquire all of the capital stock of Xign, as well as the company's technology, services and Order-to-Pay domain expertise. The acquisition is expected to close in ...