Global Payments Inc. (GPN) has negotiated a
$24.25 billion merger with Worldpay. The acquisition shifted the industry's focus, resulting in a 17% plunge in GPN shares during the announcement. However, experts predict the deal will transform GPN into the world's largest merchant processor post-merger. In reaction to the acquisition,
Jefferies downgraded GPN to a 'Hold.' Additionally, GPN concluded an agreement with
FIS on a simultaneous $13.5 billion sale of its
Issuer Solutions business. In line with these major changes, GPN has updated its FY 2025 earnings guidance. A setback came when Global Payments HR chief resigned, causing a 13% drop in a week. However, some analysts remain bullish on GPN's software stock being a potentially good buy despite these shifts.
Latham and other firms have advised FIS on the Worldpay sale and Issuer Solutions acquisition, and
GTCR announced the sale of Worldpay to GPN in conjunction with transformative three-way transactions.
Global Payments GPN News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 19 Apr 2025 20:06:21 GMT -
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