S&P Downgrades TSYS (TSS) to 'BBB-' Amid TransFirst Deal
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TSYS (TSS) to Acquire TransFirst in $2.35B Deal
January 26, 2016 4:16 PM ESTTSYS (NYSE: TSS) announced it has entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and leading U.S. merchant solutions provider, in an all-cash transaction valued at approximately $2.35 billion.
TransFirst delivers merchant solutions to more than 235,000 small and medium-sized businesses in the U.S. through its proprietary technology, end-to-end customized and multi-channel products and superior customer service. The transaction enhances TSYS offering and position in the high-growth areas of integrated payments, e-commerce and omni-channel services. As a result of the transaction, TSYS... More
TSYS (TSS) Misses Q4 EPS by 3c
January 26, 2016 4:16 PM ESTTSYS (NYSE: TSS) reported Q4 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $716.8 million versus the consensus estimate of $691.87 million.
We repurchased 3.0 million shares of our stock in the fourth quarter for $158.6 million, bringing the total... More
