Send to a Friend Share

VeriFone (PAY) Completes Hypercom Acquisition

August 4, 2011 6:14 PM EDT
PAY Hot Sheet
Overall Analyst Rating:
    BUY (Down Down)

Revenue Growth %: +61.6%
VeriFone Systems, Inc. (NYSE: PAY) today announced the completion of its acquisition of Hypercom Corporation. In connection with the closing, VeriFone and Hypercom reached a settlement with the U.S. Department of Justice, following which Hypercom divested its U.S. payment systems business to The Gores Group, LLC.


Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!

You May Also Be Interested In


Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment





Follow StreetInsider.com On Twitter