Perelman Buying John Harland Co.

M&F Worldwide is the parent company of Clarke American, another major player in the check printing space. Between the two, M&F Worldwide will boast a majority of the check printing business.

“This makes a lot of sense for someone who wants to milk the cash flow from this business as this industry declines,” John Kraft, an analyst at D.A. Davidson & Co., told Bloomberg.com. “(Perelman) obviously liked what Clarke was doing. If one is good, then maybe two is better.”