CD&R and GTCR Launch $40 Billion Buyout Bid for Global Payments
By PYMNTS
AI summary of the source article
CD&R and GTCR have teamed up on a joint bid to acquire card processor Global Payments, according to media reports citing unnamed sources. GTCR is Global Payments' largest shareholder, and ongoing talks may not result in an agreement.
Key facts
- CD&R and GTCR have launched a joint bid to buy out card processor Global Payments.
- GTCR is Global Payments' largest shareholder.
- Discussions between the companies are ongoing and may not lead to a deal.
Source excerpt · PYMNTS
Private investment firm CD&R and private equity group GTCR have teamed up on a joint bid to buy out card processor Global Payments, the Financial Times reported Friday (Oct. 30), citing unnamed sources. GTCR is Global Payments’ largest shareholder, according to the report. The companies’ talks are ongoing, and may not result in a deal, […] The post CD&R and GTCR Launch $40 Billion Buyout Bid for G…