Total System Services, Inc.NYSE
Tue, Jan. 26, 5:11 PM
- Total System Services (NYSE:TSS) -6.3% AH after posting a Q4 earnings miss and agreeing to acquire Vista Equity Partners’ TransFirst for ~$2.35B, in an attempt to expand its payment processing services to small- and medium-sized businesses.
- TSYS expects the deal to be accretive in the low double digits to adjusted EPS for the first 12 months following closing, excluding one-time acquisition-related fees and expenses.
- TSYS says the deal will push it to sixth place among U.S. merchant acquirers by revenue.
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Feb. 19, 2013, 4:17 PM