According to Bloomberg, Total System Services (TSS) approached by Global Payments (GPN)

  • May 27, 2019

POTENTIAL DEAL DETAILS

StockTotal System Services, Inc.SymbolTSS
Date Announced05/24/2019Source Bloomberg
TypeNews Report
Date of Confirmation: 05/28/2019Price at Confirmation: $113.45
Potential Profit: 0.00%Annualized Profit: N/A

Global Payments Inc. (GPN) is nearing an all-stock deal to buy Total System Services Inc. (TSS) for about $20 billion, according to a person familiar with the matter, in what would be the third mega-merger in the payments industry this year.

Update(s):

May 28, 2019:  Global Payments (GPN), a leading worldwide provider of payment technology and software solutions, and TSYS (TSS), a leading global payments provider offering innovative solutions across the issuing, merchant and consumer segments, announced today that they have entered into a definitive agreement to combine in an all-stock merger of equals.

 

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