EU clears Global Payments purchase of Total Systems [Reuters]
Global Payments Inc. (GPN)
Last global payments inc. earnings: 2/12 06:55 am
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Source: Reuters
EU clears Global Payments purchase of Total Systems - Reuters 1 Min Read BRUSSELS, Sept 17 (Reuters) - EU antitrust regulators have cleared Global Payment’s proposed $21.5 billion purchase of rival Total Systems Services. The European Commission, which oversees competition policy in the 28-member European Union, said on Tuesday it had concluded the proposed acquisition would raise no competition concerns. There is limited horizontal overlap between the companies’ activities, the Commission said. Payment technology company Global Payments announced in May it would buy Total System Services Inc for about $21.5 billion in stock, adding scale in a fiercely competitive and fast-growing industry. The deal comes as payment technology companies consolidate to battle competition in an expanding market from banks making inroads into digital payments and from fintech start-ups. (Reporting by Philip Blenkinsop; editing by Francesco Guarascio) All quotes delayed a minimum of 15 minutes. See here
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GPN
Earnings
- 10/30/24 - Beat
GPN
Sec Filings
- 11/5/24 - Form 4
- 11/4/24 - Form 144
- 11/1/24 - Form 4
- GPN's page on the SEC website