TSS stock rose on the $21.5 billion deal. Global Payments stock slipped.
TSS | Complete InnoTec TSS AG stock news by MarketWatch. It's the third major merger … Putting weeks of speculation to bed, Global Payments and TSYS made it official, announcing a $21.5 billion merger of the two payments companies. Global Payments Inc. GPN, -2.05% and Total System Services Inc. TSS, +0.56% announced an all-stock merger of equals with an equity value of about $21.5 billion on Tuesday. The $21.5 billion all-stock merger deal marks the payment industry’s third mega-merger of the year.
She is based in New York. You can follow her on Twitter @tgarcianyc.
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. Global Payments and Total System Services are in merger talks as fintech companies consolidate. 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 of … Global Payments Acquires Total System Services: Everything Investors Need to Know The $21.5 billion blockbuster deal makes it the third-largest in fintech history.
The Global Payments-TSS merger continues fintech consolidation. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice. TSS stock and GPN stock climbed on the news. The race in the payment industry continued Tuesday as Global Payments agreed to buy Total System Services in a stock deal valued at $21.5 billion. View real-time stock prices and stock quotes for a full financial overview. The Trump administration’s $765 million loan to the Eastman Kodak Co. to launch a business making pharmaceutical ingredients sent shares of the once iconic camera company soaring.Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. Sloan will serve as chief executive officer of the newly-formed company, with Cameron Bready named as president and chief operating officer, Paul Todd becoming senior executive vice president and chief financial officer and Guido Sacchi continuing as senior executive vice president and chief information officer.——————————Get our hottest stories delivered to your inbox.Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.© 2020 What’s Next Media and Analytics
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tss stock merger