Global Payments (GPN) Reports In-Line Q2 EPS
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December 16, 2015 8:30 AM EST
Cowen reiterated a Market Perform rating on Heartland Payment Systems (NYSE: HPY), and raised the price target to $100.00 (from $74.00), following Global Payments (NYSE: GPN) announcement that it has entered into a definitive agreement to acquire Heartland... More
December 15, 2015 4:24 PM EST
Global Payments Inc. (NYSE: GPN) announced today that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc. (NYSE: HPY), one of the nations largest payment companies.
The transaction significantly expands Global Payments U.S. direct small and medium-sized enterprise distribution, merchant base and vertical reach. Heartlands strengths in direct sales and technology-led distribution are highly complementary to Global Payments expertise in 60 vertical markets with 2,000 technology partners. The combination will leverage Global Payments scalable, worldwide infrastructure, and drive substantial technological and operational synergies.
Global... More
