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global payments tsys merger presentation

So what makes the $21.5 billion merger of Global Payments and TSYS tick, and what questions does it raise? ET to discuss financial results and business highlights. Case M.9452 - GLOBAL PAYMENTS / TSYS Only the English text is available and authentic. The acquisition is expected to close in the fourth quarter, pending regulatory and shareholder approvals. Global Payments' Board of Directors approved a dividend of $0.195 per share payable September 24, 2020 to shareholders of record as of September 10, 2020. Second, the Global Payments-TSYS deal was an all-stock merger that left TSYS shareholders with 48% of shares and created no new debt. It had $1.28 billion in cash and cash equivalents as of March 31, according to its … IC Payments May 28, 2019 News 0. Global Payments (NYSE:GPN), a leading worldwide provider of payment technology and software solutions, and TSYS (NYSE:TSS), a leading global payments Our new partnership creates the leading worldwide pure-play payments technology company. Today we’re excited to announce the close of our merger with Total System Services (TSYS). Digital Payments News: Global Payments and Total System Services (TSYS) are reportedly in talks about a merger as the industry consolidation continues. The merger of the merchant acquiring businesses of Global Payments and TSYS creates a scaled leader in small and medium sized enterprise (SME) merchant acquiring in the US with leading integrated payments capabilities. Further, Global Payments has not identified all adjustments necessary to conform TSYS’ accounting policies and financial statement presentation to Global Payments’ policies and presentation. Payment software and technology provider Global Payments has announced it will combine with Total System Services (TSYS) in an all-stock merger of equals at the value of $21.5 billion.. Global Payments, TSYS merge in $21.5 billion deal as fintech, payments market evolves to be software driven. The deal is not subject to any financing conditions, the companies … Both Global Payments and TSYS have built industry-leading solutions in payments … Global Payments … TSYS also helps banks issue credit and debit cards to … The two companies confirmed the deal today (May 28) in what will be the payment industry’s third “mega-merger” of 2019. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS … Citi’s Real-Time Verification Service. Global Cards—2018. After FIS & Worldpay, and Fiserv and First Data, this was the third instalment in the story of the mega-mergers in the payments industry of 2019. Shenzhou Anfu POS Terminal Working with 1,300 financial institutions and 3.5 million … Global Payments has inked a deal to acquire Total System Services (TSYS) in a $21.5 billion deal. “The other large companies do have components of that but they are also doing mortgage services and many other things that a bank might need,” Woods said. Global Payments Inc. and Total System Services Inc. have announced an agreement to merge in a deal valued at $21.5 billion. Global Payments completed its merger with TSYS in September 2019, “creating the worldwide leader in payments technology,” CEO Jeff Sloan said Feb. 12. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 16/09/2019 In electronic form on the EUR-Lex website under document number 32019M9452. Visa Next Platform for Consumer Payment Products. Upon completion of the merger, Global Payments shareholders will own about 52% of the newly combined company and TSYS shareholders the remaining 48%. In a $21.5 billion all-stock deal, Global Payments Inc., a global provider of payment processing technology and software solutions, merged with TSYS (Total System Services) to form a pure-play payments company using the name Global Payments, the largest merger of payment technology companies to date. Bora Payments for Virtual Purchasing Cards. The deal will also streamle how payments technology is packaged with other merchant services in the sales process, Woods said. May 28, 2019 | by David Jones. Global Payments announced its acquisition of TSYS in a $21.5bn all-stock deal on Tuesday as the consolidation cycle sweeping through the sector continued. Global is known for its payments software, while TSYS has a deeper footprint in e-commerce payments. In the back office of a community bank in 1974, we got our start in payments processing and have since become a global provider in payments for financial institutions, merchants and consumers. Global Payments is buying TSYS in a merger valued at $21.5 billion, marking the latest in a series of international mergers and acquisitions of payments and POS technology companies. Payments companies Global Payments and TSYS (Total System Services) have finalized a merger deal that creates a combined pure play payments … Kabbage Working Capital Loans. The Merger Agreement should not be read alone, but should instead be read in conjunction with the other information regarding Global Payments, TSYS, their respective affiliates or their respective businesses, the Merger Agreement and the Merger that will be contained in, or incorporated by reference into, the Registration Statement on Form S-4 that will include a Joint … Sep. 18, 2019- Global Payments Inc. 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