	comdata cdn in merger agreement comdata network inc said it has entered into a letter of intent with a limited partnership managed by welsh carson anderson and stowe wcas to merge comdata into a corproration to be formed by wcas comdata said in the merger each share of the company s stock would be converted at the holders election into either dlrs in cash or a combination of dlrs in cash and a unit of securities including common stock comdata said the terms are subject to the condition that wcas affiliate investors would own a minimum of pct of the fully diluted stock of the new entity comdata said wcas and its affiliate investors would commit mln dlrs to buy the securities comprising the new entities units of securities resulting from the merger in the same proportions and at the same price as the company shareholders comdata said the move is subject to execution of definitive agreement and approval by comdata shareholders as well as obtaining up to mln dlrs in debt financing wcas told comdata it believes that it can get commitments for this financing reuter 
