Global Payments Inc. Buyback
OLI recorded this information on 4/26/2016
Global Payments Inc.
Global Payments Inc. (NYSE:GPN), a leading worldwide provider of payment technology services, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. to repurchase an aggregate of $50 million of the company's common stock.
Global Payments is a pure play payment technology company providing payments and software solutions to merchants and financial institutions. Co. has three segments: Merchant Solutions, which includes authorization services, chargeback resolution, and payment security services; Issuer Solutions, which provides solutions that enable financial institutions and other financial service providers to manage their card portfolios and reduces technical difficulty and overhead on a single platform; and Business and Consumer Solutions, which provides general purpose reloadable prepaid debit and payroll cards, demand deposit accounts and other financial service solutions through its Netspend® brand.
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Strong Buy (3.57 out of 4)