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Global Payments and Total System Services, which provide payment processing services in the United States, will merge through a share exchange. As informed sources told Bloomberg, the transaction volume is estimated at $21.5 billion. In the combined company, the position of chief executive officer will be taken by Global Payments CEO Jeff Sloan, and the chairman of the board of directors will be CEO of Total System Troy Woods. Sources also told the agency that 52% of the future company will be owned by Global Payments shareholders and 48% - by Total System shareholders. According to CNBC estimates, the cost of the new company will be at around 40 billion dollars.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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