Payment technology company Global Payments said it would buy peer Total System Services for about $21.5 billion in stock. Total Systems holders to receive 48% of combined company. Total System Services, a global payments provider that offers solutions across the issuing, merchant and consumer segments, will combine with Global Payments in a merger of equals. The news of another possible merger in the payments industry sent shares of Total System Services, known as TSYS, up more than 10% and Global Payments stock up more than 3%. The all-stock deal values Total Systems Services, ... with Global Payments (ticker: GPN) and Total Systems Services (TSS) announcing a merger of equals Tuesday morning. On May 28, 2019, Global Payments (NYSE: GPN) and TSYS announced that they have entered into an agreement to combine in an all-stock merger of equals. Why Total System Services Surged 57.8% in the First Half of 2019 Total System Services was the third, and likely final, acquisition in the payments space during a busy first half for the industry. Stock market news, interactive fundamental chart, advanced stock screener with over 300 indicators and ratios to screen by, detailed overviews and financials for US stocks. Sr. EVP, Gen. TSS is predominantly active in the following sectors: local and central government, healthcare, retail, financial services ... Mergers and Acquisitions. For financial reporting, their fiscal year ends on December 31st. Message. Under the terms of the merger agreement, Total System Services, Inc. ( NYSE: TSS ) shareholders will receive 0.8101 Global Payments shares for each share of NYSE: TSS common stock, representing an equity value for TSYS of approximately $21.5 billion. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock, representing an equity value for TSYS … The exchange ratio is the number of new shares that will be given to existing shareholders of a company that has been acquired or has merged with another. 3. The agreement between Global Payments and TSYS is being billed as an “all stock merger of equals,” according to a release from TSYS. Merger Announcement: May 16, 2019 Transaction Details: Under the terms of the merger, shareholders of Presidio will receive a fixed exchange ratio of 2.470 shares of Heritage common stock in exchange for each share of Presidio common stock they own. For example, a 1000 share position pre-split, became a 2000 share position following the split. $20 billion merger talk with Global Payments (GPN) and Total System Services ... in an all-stock deal that is expected to be announced Tuesday, ... Year-to-date, TSS has gained 42.99%, versus a 13.65% rise in the benchmark S&P 500 index during the same period. Total System Services Inc is a registered with the U.S. Security and Exchange Commission and incorporated in the state of Georgia. On July 3, 2019, in order to convince TSS shareholders to vote in favor of the Faber tweet: Global Payments and Total Systems Services agree to all stock merger of equals deal- sources. TSS (TSS) has 4 splits in our TSS split history database. Global Payments (NYSE: GPN) and Total System Services Inc. (NYSE: TSS) today announced a "merger of equals" to create one of the country's largest fintech companies. Sloan said the TSYS acquisition, which both companies describe as a "merger of equals," is a stock deal that opens the possibility of other transactions. The first split for TSS took place on May 05, 1993. 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