Hypercom (HYC) to Divest U.S. Payment Systems Business in $54M Deal

April 4, 2011 7:22 AM EDT
VeriFone Systems, Inc. (NYSE: PAY), and Hypercom Corporation (NYSE: HYC) have reached an agreement for the $54 million sale of Hypercom's U.S. payment systems business to Ingenico S.A.

Completion of the transaction is expected in H211.


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