Global Payments jumps 12% on report of potential $40 billion buyout
In short
Market participants reacted strongly to circulating reports detailing a potential $40 billion takeover of the payments firm. The reported transaction valuation triggered an immediate buying wave during trading hours. Consequently, shares of Global Payments rose 12% following the emergence of the buyout report.
Key points
- Shares of Global Payments advanced by 12 percent following the acquisition report.: Shares of Global Payments advanced by 12 percent following the acquisition report.
- Market reports indicated a potential buyout transaction carrying a valuation of $40 billi…: Market reports indicated a potential buyout transaction carrying a valuation of $40 billion.