First Data Statement Regarding BluePay
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First Data (FDC) Confirms Agreement to Acquire BluePay for $760 Million
October 20, 2017 6:46 AM UTCFirst Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced that it has entered into a definitive stock purchase agreement for First Data to acquire BluePay Holdings, Inc. (BluePay) from current owners, including TA Associates and BluePay management, for $760 million in cash, subject to adjustments. The transaction is expected to be modestly accretive in the first full year post-closing, before expected synergies.
BluePay, a provider of technology-enabled payment processing for merchants in the U.S. and Canada, is one of First Datas largest distribution partners with a strong focus on... More
