×
1 660
Fashion Jobs
ESTÉE LAUDER
Associate Consultant - Clinique - Saskatoon, sk
CDI · Saskatoon
TJX CANADA
IT Finance & Fixed Assets Manager
CDI · Mississauga
TJX CANADA
Loss Prevention Security Monitoring Operator
CDI · Mississauga
ESTÉE LAUDER
Associate Consultant - Clinique - Calgary, ab
CDI · Calgary
ADIDAS
Senior Analyst, Business Process Management
CDI · Vaughan
LEVI'S
Full-Time Sales & Merchandising Supervisor, Levi’s®, Sherway Gardens, Canada
CDI · Toronto
TJX CANADA
Loss Prevention Store Investigator -Scarborough - York - Richmond Hill
CDI · Mississauga
TJX COMPANIES
Senior IT Security Vulnerability Analyst
CDI · Mississauga
NORDSTROM
Asset Protection - Agent - One Bloor Rack
CDI · Toronto
TJX CANADA
District Manager, Gta
CDI · Mississauga
TJX CANADA
Loss Prevention, Store Investigator - Gta
CDI · Mississauga
TJX CANADA
Loss Prevention Regional Orc Investigator - Calgary
CDI · Calgary
L'OREAL GROUP
Project Coordinator - Merchandising And Education
CDI · Montréal
ESTÉE LAUDER
Associate Consultant - Clinique - Halifax, ns
CDI · Halifax Regional Municipality
TJX CANADA
Summer Term Finance Analyst cO-Op
CDI · Mississauga
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ESTÉE LAUDER
Consultant - Clinique - 28 Hrs - Hudson's Bay Market Mall - Calgary, ab
CDI · Calgary
ADIDAS
Director of Sales - Adidas Golf
CDI · Vaughan
TJX CANADA
Distribution Services Purchasing Specialist
CDI · Mississauga
TJX CANADA
Loss Prevention Store Investigator - Vancouver
CDI · Vancouver
TJX CANADA
Buyer ii
CDI · Mississauga
TJX CANADA
Loss Prevention Systems Remote Investigator
CDI · Mississauga
By
Reuters
Published
May 24, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Global Payments nearing $20 billion deal to buy Total System

By
Reuters
Published
May 24, 2019

Payment technology company Global Payments Inc is nearing a deal to acquire peer Total System Services Inc (TSYS) for about $20 billion(15.74 billion pounds) in an all-stock deal, a source familiar with the matter said on Friday.


Reuters


The transaction, which the source said could be announced as soon as Tuesday, is the latest large-scale consolidation effort by payments technology companies as industry players seek domination when spending is increasingly cashless.

Both companies’ stock prices jumped on news of a potential deal: by mid-afternoon on Friday, Global Payments had risen 3.4% and TSYS gained 11.4%.

Global Payments and TSYS did not immediately respond to requests for comments.
Bank of America is advising Global Payments on the deal and will also lead refinancing of the combined debt, the source added.

Bloomberg on Friday, citing people familiar with the matter, the potential timing of the transaction and Bank of America’s role.

The financial technology sector is consolidating fast, with global payments set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments for online and high street sales, consulting firm McKinsey predicts.

Fidelity National Information Services Inc (FIS) said in March it has agreed to buy Worldpay for about $35 billion, after Fiserv Inc announced in January that it was buying First Data Corp for $22 billion.
 

© Thomson Reuters 2022 All rights reserved.