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Wednesday, 10 January 2001

GMAC Subsidiary Buys Univest

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January 11, 2001

BILLERICA, Mass. – A newly formed subsidiary of McCracken Financial Software Inc. has purchased all of the assets of Univest Financial Services LLC.

Terms of the deal were not disclosed.

The Univest name will be used by McCracken and its offices will continue to be in Memphis, Tenn., and Atlanta. The executive staffs at both companies will remain the same.

McCracken is a wholly owned subsidiary of GMAC Commercial Holding Corp.



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Additional Info

  • Syndicate to Realpoint: No
  • Sector: High-Tech
  • Subject: Liquidation (LIQ), Mergers & Acquisitions (M&A)
  • Company: Golf Trust of America
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