A bombshell rumor: Global Payments (GPN) to be acquired for $40 billion:
Private equity giant CD&R is joining forces with GPN’s largest shareholder, GTCR, to take the company private at a valuation of over $40 billion
The news sent GPN shares up around 10% intraday
As the key driver, GTCR is teaming up with top-tier investors to take the company private and restructure it while its valuation is low
However, the two sides are still in negotiations, and whether they can reach a binding agreement and clear regulatory review remains uncertain
Several top funds are eyeing payments giant $GPN.US . Its largest shareholder thinks the stock is undervalued, so they’ve teamed up with a close ally and are putting up $40 billion to buy it, take it private, and run it themselves
Shares soared on the news, but whether the deal goes through is still up for negotiation
Private equity giant CD&R is joining forces with GPN’s largest shareholder, GTCR, to take the company private at a valuation of over $40 billion
The news sent GPN shares up around 10% intraday
As the key driver, GTCR is teaming up with top-tier investors to take the company private and restructure it while its valuation is low
However, the two sides are still in negotiations, and whether they can reach a binding agreement and clear regulatory review remains uncertain
Several top funds are eyeing payments giant $GPN.US . Its largest shareholder thinks the stock is undervalued, so they’ve teamed up with a close ally and are putting up $40 billion to buy it, take it private, and run it themselves
Shares soared on the news, but whether the deal goes through is still up for negotiation