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CheckFree Soars on Buyout

Stock quotes in this article: PNC , FISV , CKFR , WB , JCP , BAC , HD  

Investors in electronic payment processor CheckFree (CKFR Quote) started Thursday with a treat when the company announced it would be acquired.

CheckFree shares soared more than 23% to $45.46, blasting through its 52-week high, on announcing that larger rival Fiserv (FISV Quote) would pay $48 a share for the company.

The deal is worth $4.4 billion, about 10% more than CheckFree's preannouncement market value. ...

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