Posted by jean/pa on 8/29/07 12:53pm
Msg #208371

service link

Good afternoon all!
Just wanted to spread some news> I used to work for service link and just found out they have laid off a few people and some are moving to the location where atm is.

Reply by spnotaryplus on 8/29/07 1:25pm
Msg #208382

Are they closing shop in PA?

Reply by JohnnyB on 8/29/07 1:48pm
Msg #208388

I would suspect there are a lot of nervous nellies in Corapolis right now. If I worked for one of those firms, I wouldn't take a vacation right now

Reply by Todd/OH on 8/29/07 1:57pm
Msg #208389

Remember, Service Link bought out ATM. They knew layoffs would be coming. Someone mentioned that Countrywide went bankrupt. I think they are a bit misunderstood.

Reply by JohnnyB on 8/29/07 2:01pm
Msg #208391

I have a letter from ATM stating it was a merger, no mention of one acquiring the other

Reply by Todd/OH on 8/29/07 2:07pm
Msg #208395

I have the same letter. That's what a merger is, one buys out the other. They might somehow combine the names but it's a buyout.

Reply by JohnnyB on 8/29/07 2:16pm
Msg #208400

Not true. In a merger, a company joins with another company to form a new organization. There may be a new name to this new organization. The letter did not state that one company was acquiring the other company for cash or stock. Stay tuned.

Reply by Todd/OH on 8/29/07 2:17pm
Msg #208402

I will give you that - it wasn't specific n/m

Reply by JohnnyB on 8/29/07 2:45pm
Msg #208407

Re: I will give you that - it wasn't specific

These two companies are entrepreneurial ventures from not long ago and they will move fast to layoff and consolidate. ATM is strong in technology, they charge other companies to use their systems, Service Link, I am not sure what they are strong in. LSI and ATM might have been a better fit, but LSI is part of a public company, Fidelity National. This is a fast merger because I think both are private companies.

Reply by Todd/OH on 8/29/07 3:39pm
Msg #208425

Fidelity National has their tentacles everywhere. n/m

Reply by Johna/NY on 8/29/07 9:48pm
Msg #208479

In a Merger there is 2 or more companies Merging into 1. There is always a "survivor" Company. From the letter I received from ATM, it looks as though Service is the surviving Co