EXCLUSIVE: CD&R, GTCR drop pursuit of Global Payments, sources say Reuters
EXCLUSIVE: CD&R, GTCR drop pursuit of Global Payments, sources say - Reuters
In short
Discussions involving CD&R and GTCR regarding an acquisition of Global Payments have formally ceased based on insider accounts. The abrupt conclusion to these talks removes near-term takeover interest from these specific private equity sponsors. Sourced reports indicate that the prospective buyers have officially stepped away from continuing their pursuit of the company.
Key points
- Global Payments will no longer be pursued by private equity firms CD&R and GTCR at this t…: Global Payments will no longer be pursued by private equity firms CD&R and GTCR at this time.
- The end of takeover talks removes major buyout interest that was actively circulating aro…: The end of takeover talks removes major buyout interest that was actively circulating around the payment processor.
- Prospective acquirers have completely stepped back from advancing any potential transacti…: Prospective acquirers have completely stepped back from advancing any potential transaction with Global Payments.