January 1, 2007
ATLANTA—Check printing specialist John H. Harland Co. has agreed to be acquired by M&F Worldwide, the holding company controlled by billionaire Ron Perelman, for $1.7 billion, or $52.75 per share. Harland will become a wholly owned subsidiary of M&F Worldwide upon completion of the deal, which is expected in the second half of 2007. The deal also needs to be approved by Harland shareholders. 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
