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Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:04 EDTGPNGlobal Payments agrees to acquire PayPros for $420M
Global Payments announced an agreement to acquire Payment Processing, a provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420M in cash to acquire PayPros, inclusive of tax assets. The transaction is expected to close by the end of Global Payments' 2014 fiscal year. PayPros' calendar 2013 annual revenues are anticipated to be approximately $100M. Global Payments will provide further details when the transaction closes.
News For GPN From The Last 14 Days
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December 17, 2014
08:04 EDTGPNGlobal Payments, BPI agree to form strategic joint venture
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07:23 EDTGPNGlobal Payments price target raised to $90 from $80 at Oppenheimer
Oppenheimer increased its price target on Global Payments as the firm thinks the company could benefit from solid regional trends, various pricing/fee opportunities and aggressive OptBlue participation. Oppenheimer says that Global Payments' fundamentals appear to be strong, while its multiple should rise as its North American margins increase. Oppenheimer keeps an Outperform rating on the shares.

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