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Fiserv plans sale of business unit

May 29, 2007

The (Milwaukee) Business Journal: Fiserv Inc. said May 24 that it has agreed to sell its Fiserv Investment Support Services business in two separate transactions. TD Ameritrade Holding Corp. agreed to buy Fiserv Trust Co. and the accounts of Fiserv's institutional retirement plan and adviser services operations for $225 million. Bob Beriault, group president for Fiserv Investment Support Services, has agreed to acquire the remaining accounts and net capital of the investment support services business for approximately $50 million in cash.
 
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