real-time news and commentary for investors
Tuesday, May 1
2012, 6:17 PM
FleetCor (FLT) announces it's acquiring CTF Technologies, a provider of payment-processing...
FleetCor (FLT) announces it's acquiring CTF Technologies, a provider of payment-processing services for Brazilian transportation and mining firms, for $180M. FleetCor touts CTF's leading market position, lack of credit risk, and strong relationships with Brazil's top gas station chains, as well as the potential to offer CTF's solution to non-Brazilian oil customers. (PR)