Global Payments to buy Heartland Payment Systems for $4.3 billion
(Reuters) - Payments processor Global Payments Inc (GPN.N: Quote) 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)
© Thomson Reuters 2017 All rights reserved.