Global Payments (GPN) Enters $50M Accelerated Stock Buyback Agreement
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Global Payments Announces $50 Million Accelerated Share Repurchase Plan
April 26, 2016 9:01 AM EDTATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. to repurchase an aggregate of $50 million of the company's common stock.
Under the terms of the ASR, the company expects to receive an initial delivery of shares having a... More
Global Payments Completes Merger with Heartland Payment Systems
April 25, 2016 8:01 AM EDTATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced today that it has completed its merger with Heartland Payment Systems, Inc. (Heartland). The combined company, Global Payments Inc., now has more than 8,500 employees worldwide and provides market-leading payments solutions to nearly 2.5 million merchants in 29 countries globally.
We are delighted to announce the completion of this landmark transaction, said Jeffrey S. Sloan, Chief Executive Officer of Global Payments. The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth... More
