You've got disruptors coming in.In both prior instances, the companies involved talked about the technological change the industry was seeing as an impetus for their deals. Financial technology companies Global Payments (GPN) and Total System Services (TSS) agreed to merge on Tuesday in a $21.5 billion all-stock deal, …
Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. "We still view Tesla as fundamentally overvalued and having to grow into its valuation."
As an economic crimes detective, Matthew focuses on helping others avoid becoming victims of fraud and scams. When Square was mentioned by Global Payments CEO Jeff Sloan, the tone was subtly different:So I don't know who came first in doing this, whether it was us or someone like Square, but we've been selling payroll to merchants for a very long time. Global Payments GPN, +0.91% and Total System Services (TSYS) US:TSS are billing their deal as a “merger of equals” through which Global Payments shareholders will own 52% of the new company …
The deal values TSYS at approximately $21.5 billion, representing about a 20% premium to the company's value before the merger was made public. He said he also believes investors have willing to show more patience and look further out for companies like Tesla. He could be right.Global Payments has successfully pursued a strategy of embedding its Several times during the company's conference call announcing the deal, management reinforced that the all-stock merger would allow the balance sheet to remain solid enough for the company to continue its software acquisition strategy. See you at the top! With the deal being immediately accretive to earnings and seemingly keeping Global Payments' strategy intact, the combined company looks well-positioned in the constantly changing payments industry.Stock Advisor launched in February of 2002. Global Payments Inc. GPN, -0.57% and Total System Services Inc. TSS, announced an all-stock merger of equals with an equity value of about $21.5 billion on Tuesday… On September 3, 2018, I presented a special situation idea for an arbitrage play on the merger of equals between Global Payments Inc. (GPN) and Total System Services (TSS… CEO Troy Woods will continue as the chairman of the board of the newly combined entity. The deal values TSYS at approximately $21.5 billion, representing about a 20% premium to the company's value before the merger was made public.
"That being said, we struggle to explain the run-up to the stock split which academically doesn't change the value of Tesla equity but could help fuel investor interest," Spak wrote. By using this site you agree to the Financial technology players Global Payments (GPN) and Total System Services (TSS) are in merger talks, Bloomberg reported, amid a wave of consolidation in the sector. Let's conquer your financial goals together...faster. He is most familiar with the fintech and payments industry and devotes much of his writing to covering these two sectors. Retirement
Returns as of 09/02/2020. But when you aggregate it across almost 2 million merchant locations in the United States, the numbers start to add up very quickly...TSYS shareholders will own 48% of the combined company. Bready said the two companies have areas where there is "significant overlap," creating opportunities to cut costs with little risk. Investing Basics
And that's going to take money out of the revenue line of the banks.Fidelity National CEO Gary Norcross talked about the disruption the payments industry was seeing:I mean, there's a lot of innovation going on. "We recognize we underestimated a critical valuation point: seemingly insatiable investor demand for alternative/clean vehicles," Spak wrote in a note to clients.
Payment technology and software solutions provider Global Payments Inc GPN 4.97% reached an agreement Tuesday to merge with Total System Services, Inc. NYSETSS.
The merger is expected to create a more holistic company that handles both sides -- the merchant's and the bank's -- of every card payment transaction. Putting weeks of speculation to bed, Global Payments and TSYS made it official, announcing a $21.5 billion merger of the two payments companies.
Cumulative Growth of a $10,000 Investment in Stock AdvisorGlobal Payments Acquires Total System Services: Everything Investors Need to Know @themotleyfool #stocks $GPN $TSS $FIS $FISV $SQ Stock Market Today, you can walk into a small merchant ... and using your phone, can underwrite that merchant, you can offer payroll services today. She is based in New York.
He expects the company to recognize its annualized cost savings goal of $300 million in three years.
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The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Upon completion of the merger, Global Payments shareholders will own about 52% of the newly combined company and TSYS shareholders the remaining 48%. RBC Capital's Joseph Spak lifted is price target to $290, which implies a 42% drop from Monday's record close of $498.32, from $170, while maintaining the underperform rating he's had on the stock since January 2019. You can also offer lending. (TMFCochrane) Upon completion of …