The Ceridian Corporation along with the Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. today announced here of their entrance into a ultimate merger agreement stating that Ceridian onwards shall be jointly acquired by THL Partners and FNF. It has been stated in this regard, that the value of the cash transaction has been approximately $5.3 billion.

Ceridian is a well-known information services company engaged in the service for years satisfying the needs of businesses and employees. The company’s concentration or the core area of function is human resource, transportation and retail markets. The company’s improved financial and operational performance led to accelerating marketplace momentum for Ceridian in 2005. The organization is having a strong and efficient position in growth markets with a noble plan to elevate and excel through enhancing the international presence. It is stated, through the performance in the international business arena that the company remains in some way remains committed to continuous process and productivity improvements. Ceridian's Comdata division is a renowned payment processor and issuer of credit, debit and stored value cards, primarily for the trucking and retail industries in the U.S.

According to the terms of the agreement, it is unequivocally stated that the Ceridian shareholders will as a result receive $36.00 per share in cash for each share of common stock they are holding at present. This represents a premium of approximately 17% over Ceridian's closing share price on February 12, 2007, the last trading day prior to the public announcement that Ceridian had commenced the exploration of strategic alternatives, and a premium of approximately 56% over Ceridian's closing share price on October 6, 2006, the last trading day prior to the announcement of Kathryn V. Marinello's appointment as President and Chief Executive Officer of Ceridian.

While talking to the newsmen the Chairman of Ceridian L. White Matthews, III said, "The primary goal of the review of strategic alternatives that we announced on February 13, 2007, was to maximize value for our shareholders. The Board, along with its financial and legal advisors, evaluated a broad range of alternatives and concluded that the sale of Ceridian to THL Partners and FNF represents the best and most certain way to achieve that goal."

In addition, Kathryn V. Marinello, the President and Chief Executive Officer of Ceridian also said, "We are proud to partner with THL Partners, a leading investment firm with a proven track record of success in acquiring and building companies, and FNF, one of the nation's leading providers of title insurance, specialty insurance and claims management services to large corporate and public sector entities."