Finance1 min read

Exclusive-CD&R, GTCR drop pursuit of Global Payments, sources say

By · Via Investing.com Markets · Published by Everything Blog

In short

Potential buyout suitors have pulled back from a prospective transaction involving the payments provider according to knowledgeable sources. The firms have ceased their active pursuit at this stage. Further details regarding the precise rationale or context of the decision were not immediately available.

Key points

  • Prospective suitors have backed away from executing a potential takeover of the payments…: Prospective suitors have backed away from executing a potential takeover of the payments firm.
  • Additional operational and strategic details explaining the halted pursuit have not been…: Additional operational and strategic details explaining the halted pursuit have not been detailed.
  • Information surrounding the abandoned transaction comes directly from sources familiar wi…: Information surrounding the abandoned transaction comes directly from sources familiar with the matter.
Finance