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Home 9 News Item 9 UIL Holdings Corporation’s Subsidiary, American Payments Systems To Be Acquired by CheckFree Corporation

UIL Holdings Corporation’s Subsidiary, American Payments Systems To Be Acquired by CheckFree Corporation

December 18, 2003

Hoover's Online, December 17, 2003

NEW HAVEN, Conn.–(BUSINESS WIRE)–Dec. 17, 2003–Today, UIL Holdings Corporation (NYSE: UIL) announced that it has entered into an agreement to sell its wholly owned subsidiary American Payment Systems, Inc. (APS), a leading U.S. provider of walk-in bill payment services, to CheckFree Corporation (Nasdaq: CKFR), a leading provider of financial electronic commerce services and products.

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