Heartland Payment Systems Inc
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How Did Verifone’s Top and Bottom Lines Perform in Fiscal 1Q16?
Verifone Systems (PAY) has a market capitalization of $2.9 billion. PAY rose by 0.76% to close at $26.56 per share as of March 10, 2016.
Moody’s Investors Upgrades VeriFone Systems to ‘Ba2’
VeriFone Systems (PAY) has a market capitalization of $2.7 billion. PAY rose by 3.9% to close at $24.81 per share as of March 1, 2016.
VeriFone Systems’ Acquisition Will Expand Its Business
VeriFone Systems (PAY) has a market capitalization of $2.5 billion. It fell by 5.0% to close at $22.47 per share as of January 15, 2016.
Partnership with Microsoft Lifted VeriFone’s Stock
VeriFone Systems reported fiscal 4Q15 total revenue of $514.1 million, a rise of 4.8% when compared to total revenue of $490.5 million in fiscal 4Q14.
Parsing the Heartland–Global Payments MAE Clause, Part 3
Let’s continue our discussion on the Heartland–Global Payments merger. The MAE clause is one of the first things that arbitrageurs look at in a merger agreement.
Parsing the Heartland–Global Payments MAE Clause, Part 1
In the case of the Heartland–Global Payments merger, the MAE clause lays out the circumstances where Global Payments can back out of its merger with Heartland.
Basics of Global Payments: Merchant Services, Payment Processing
Global Payments generally has two models. Under the sponsorship model, Global Payments routes transactions but doesn’t perform settlement services.
The Heartland–Global Payments Merger and the Basics of Heartland
This is our second in-depth series related to the Heartland–Global Payments merger. Here we’ll discuss the background of the two companies, as well as the MAE clause.
The Heartland–Global Payments Merger’s Path to Approval
Global Payments discusses its competitors, who are large financial institutions. It’s unlikely that this transaction will generate much antitrust scrutiny.
What’s the Rationale for the Heartland–Global Payments Merger?
The two companies anticipate that the merger will deliver $50 million in synergies in fiscal 2017 and $125 million in annual synergies after that.
Heartland–Global Payments Merger: Basics and Conditions Precedent
For the Heartland–Global Payments merger to close, Global Payment has to file a PNR to comply with the Hart-Scott-Rodino Antitrust Improvements Act.
Payment Processing Growth: The Heartland–Global Payments Merger
If you assume a closing date of May 30, 2016, then the Heartland–Global Payments merger spread is trading at an annualized return of about 4%.
Why eBay’s 2014 database breach was one of the worst ever
According to eBay, this cyberattack compromised about 145 million user records. This is one of the worst database compromises in history.
