Shareholders of Total System Services will receive 48% of the merged firm, they said.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Under the terms of … Sloan will serve as chief executive officer of the newly-formed company, with Cameron Bready named as president and chief operating officer, Paul Todd becoming senior executive vice president and chief financial officer and Guido Sacchi continuing as senior executive vice president and chief information officer.——————————Get our hottest stories delivered to your inbox.Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.© 2020 What’s Next Media and Analytics We want to hear from you.Jeffrey Sloan, the chief executive of Global Payments, will run the combined company worth roughly $40 billion, according to the sources. Payments processor Total System Services Inc. agreed to buy Vista Equity Partners’s TransFirst for about $2.35 billion to expand services to more than 235,000 small- … Our new partnership creates the leading worldwide pure-play payments technology company. Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry’s third mega-merger of the year. Jeffrey Sloan, the … Global Payments Inc. GPN, -0.57% and Total System Services Inc. TSS, announced an all-stock merger of equals with an equity value of about $21.5 billion on Tuesday.
Payment technology companies Global Payments and Total System Services have agreed on a stock merger of equals, sources told CNBC’s David Faber. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Got a confidential news tip? The race in the payment industry continued Tuesday as Global Payments agreed to buy Total System Services in a stock deal valued at $21.5 billion. The deal values TSYS at …
Both companies did not immediately respond to CNBC's request for comment.An announcement could come as soon as Tuesday morning U.S. time, according to a tweet by Faber.Data is a real-time snapshot *Data is delayed at least 15 minutes. Together, we bring complementary payment solutions and services to better serve our customers and partners. By Jeff Sloan Today we're excited to announce the close of our merger with Total System Services (TSYS). Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. Posted on September 18, 2019 Payments companies Global Payments and TSYS (Total System Services) have finalized a merger deal that creates a … It's the third major merger in …
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