Elliott Management has built up a significant stake in
Global Payments (GPN), sparking speculation the activist investment firm could help lift the company's share price. Reports show Global Payments' stock made gains following the news of Elliott's involvement. Meanwhile, GPN has expanded its presence in the Mexican market through a strategic partnership with Banamex, covering 250,000 merchants. However, the company faced some challenges in Q2, seeing its stock drop due to various factors. On the innovation front, Global Payments has launched a new integrated solution and partnered with Oro Inc. to unveil OroPay, a unified B2B payment platform. Furthermore, some significant selling of GPN shares has been reported, with Massachusetts Financial Services, CenterBook Partners, and BIP Alliance trimming their holdings. Amidst this, the company has declared a new undertaking - the acquisition of Worldpay in a $24.25 billion deal. Some investors, however, are still apprehensive, as the company's stock value has fallen by 52% over the last five years.
Global Payments GPN News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 19 Jul 2025 17:44:25 GMT -
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- Innovation 5
- Information 7
- Rumor 3
