Terminal Data Agrees to $23.5-Million Takeover

Terminal Data Corp., a Moorpark supplier of document-imaging systems, has agreed to be acquired by a Texas company for about $23.5 million in cash.

BancTec Inc. of Dallas, a provider of electronic and document-based financial transaction processing systems, will pay $3.375 each for Terminal Data’s outstanding shares along with the company’s bonds and outstanding stock options. Other bonds will also be redeemed for cash.

Completion of the proposed transaction is subject to the approval of regulators and Terminal Data’s shareholders.

Jeffrey A. Wilson will continue as Terminal Data’s president. The company said no decision has been made about consolidating operations between the two companies.