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Nelnet Completes Acquisitions of FACTS and infiNET.

Publication: PR Newswire
Publication Date: 03-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LINCOLN, Neb., March 3 /PRNewswire-FirstCall/ -- Nelnet, Inc. announced today it has completed its acquisitions of the remaining twenty percent ownership of FACTS Management Company of Lincoln, Nebraska and the remaining fifty percent ownership of infiNET Integrated Solutions, Inc. of Chicago, Illinois. The transactions have an effective date for valuation purposes of January 31, 2006.

On February 20, 2006, Nelnet announced the agreements to purchase the remaining ownership of FACTS and infiNET. FACTS is the...

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