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News Breaks
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November 18, 2009
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| 08:46 EDT |  | GPN |
| theflyonthewall.com: | Global Payments enters agreement to sell its money transfer businesses | | Global Payments announced that it has signed an agreement to sell its DolEx- and Europhil-branded money transfer businesses to an affiliate of Palladium Equity Partners, LLC. Under the terms of the agreement, Global Payments will receive proceeds in the range of $85M-$110M based on the operating performance of the business determined at the time of closing, which is subject to customary regulatory approvals including the consent to the transaction by the issuers of money transfer licenses in many of the states and countries where DolEx or Europhil currently operates. :theflyonthewall.com |
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