NYSE:GPNDiversified Financial
Global Payments Reshapes Business With Worldpay Deal And Issuer Sale
Global Payments (NYSE:GPN) agreed to sell its issuer processing business as part of a two step transaction.
At the same time, the company plans to acquire Worldpay, a major payments competitor, in a connected deal.
The combined moves are described as reshaping Global Payments' core operations and targeting potential synergies for shareholders.
For investors watching NYSE:GPN at around $71.99, this deal follows a difficult period for the stock, with a 1 year return of a 34.2% decline and a 5...