Global Payments to buy Heartland Payment Systems for $4.3 billion

Tue Dec 15, 2015 4:36pm EST
 
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(Reuters) - Payments processor Global Payments Inc GPN.N will buy smaller rival Heartland Payment Systems Inc HPY.N in a $4.3 billion cash-and-stock deal.

Global Payments' offer of $100 per Heartland Payment share represents a 17.5 percent premium to the stock's closing price on Tuesday.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Savio D'Souza)