global payments tsys merger date
W I T N E S S E T H: WHEREAS, the Boards of Directors of Global Payments and TSYS have determined that it is in the best … Its largest deal to date would have been the reported merger with FIS_(company), estimated around US$70 billion, but which fell apart at the last minute in December 2020. Both companies' chief executives -- FIS's Gary Norcross and Jeffrey Sloan of Global Payments -- are experienced dealmakers and influential figures in a sector with a shrinking number of major players. The combined company, Global Payments Inc., provides innovative payments and software solutions to approximately 3.5 million predominantly small to mid-sized merchant locations, services over 1,300 financial institutions across more than 100 countries and enables digital interactions with over 600 million cardholders globally. M.9452 • GLOBAL PAYMENTS / TSYS SECTION 1.2 Description of the concentration On 27 May 2019, Global Payments Inc. (“Global Payments”) and Total System Services, Inc. (“TSYS”) entered into an agreement and plan of merger pursuant to which TSYS will merge with and into Global Payments, with Global Payments being the surviving entity (the The Journal said a $70 billion merger of FIS and Global Payments would have been the largest deal of any business in 2020. Global Payment Source offers a 48-month contract with an early termination fee of up to $700. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Headquartered in Georgia with over 24,000 employees worldwide, Global Payments is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. The deal, announced last week , was all stock and billed as a “merger of equals” by TSYS officials. Global Payments has also been expanding. Global Payments, TSYS merge in $21.5 billion deal as fintech, payments market evolves to be software driven. Global Payments and TSYS will host a conference call today, May 28, 2019 at 8:00 a.m. Select a City. The Global-TSYS tie-up also comes as trends toward integrated payments, software-driven processing, and services for small and medium-size merchants have become paramount. In January, Fiserv announced a $22 billion deal to acquire First Data Corp. Global Payment Source is a merchant account provider that provides credit and debit card processing services to small businesses. Words such as “believes,” “anticipates,” “expects,” “intends,” “targeted,” “estimates,” “forecasts,” “projects,” “plans,” “may,” “could,” “should,” “would,” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Global Payments and TSYS Have Merged: Bringing A New World of Payment Possibilities. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock, representing an equity value for TSYS … Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company. View source version on businesswire.com: https://www.businesswire.com/news/home/20190918005190/en/, Investor Contact: ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global … Global Payments completed its merger with TSYS in September 2019, “creating the worldwide leader in payments technology,” CEO Jeff Sloan said … AGREEMENT AND PLAN OF MERGER, dated as of May 27, 2019 (this “Agreement”), by and between Total System Services, Inc., a Georgia corporation (“TSYS”), and Global Payments Inc., a Georgia corporation (“Global Payments”). The deal values TSYS at … Global Payments announced plans to buy Heartland Payment … As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainties of estimates, forecasts and projections and may be better or worse than projected and such differences could be material. At Global Payments Inc., we promise to treat your data with respect and will not share your information with any third party. Its main business involves providing payment processing services to merchants. View Now. Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last. 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. Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, successfully closed a new senior unsecured $2 billion term loan and an unsecured $3 billion revolving credit facility on July 9, 2019 in connection with its previously announced merger with Total System Services, Inc. (TSYS). After completion of this mega-merger deal, Global Payments’ shareholders will own 52% of the combined company, while TSYS investors will own 48%. PDF Format (opens in new window) PDF 27 KB. Global with its OpenEdge unit has developed a strong foothold in integrated payments, the business of weaving payments flows into business-management software for particular merchant verticals. (1) The comparison of combined adjusted net revenue includes TSYS results for Q1 2019, which are not included in the Global Payments GAAP results. Global Payments's purchase of TSYS closed in September 2019 and was meant to expand its e-commerce presence in the U.S. and boost market share. Agents and has received multiple complaints about its sales practices: Winnie Smith 770.829.8478 investor.relations @ globalpay.com forward-looking..., software-driven processing, and financial analysts August 3, 2020, at 8:00.! $ 21.5 billion merger of large payment technology companies — and by no means the last Systems Services Inc. or! Columbus-Based TSYS will host a live audio webcast today, May 28 2019! 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