	comdata cdn accepts new welsh carson bid comdata network inc said it has entered into a definitive agreement to merge into a company formed by welsh carson anderson and stowe iv for either dlrs in cash or dlrs in cash and a unit of securities per comdata share the company said each unit of securities would consist of common shares in the new company and three dlrs principal amount of the new company s pct subordinated debentures due it said the dlr cash alternative is an improvement over the dlr per share price contemplated under an agreement in principle with welsh carson announced on march five comdata said the cash and securities alternaitcve is subject to welsh carson affiliated investors owning at least pct of the stock of the new company the company said investment bankers drexel burnham lambert inc and alex brown and sons inc absb found the proposal to be fair from a financial point of view it said the transaction is subject to approval by its shareholders and to welsh carson obtaining up to mln dlrs in debt financing comdata said it may terminate the agreement if financing is not arranged by april three on thursday first financial management corp ffmc offered to uire comdata for dlrs per share in stock and cash subject to approval by the comdata board under the first financial proposal comdata holders would receive no more than four dlrs per share in cash and could receive all stock comdata had originally planned a recapitalization under which it would have repurchased up to six mln common shares at dlrs each reuter 
