Global Payments Expresses Interest In Bigger M&A Deals: Reuters

Global Payments Inc GPN would be open to a significant acquisition again, two years after acquiring peer TSYS in a $21.5 billion all-stock deal, while continuing to chase small bolt-on purchases to bolster growth, Reuters reports.
Transaction service provider Global Payments complemented its offerings with the acquisition of TSYS, which processes credit card transactions for banks.
Global Payments will now focus acquisition on software and other technology-enabled platforms.
The software allows Global Payments to capture a more significant chunk of revenue in industries with a strong franchise, like healthcare, financial institutions, and fast-casual restaurants.
Merging with another large payments company would be viable if it gave substantial operations in geography where Global Payments does not have a presence.
Global Payments agreed to acquire MineralTree, a cloud-based software platform, for $500 million in September. The MineralTree transaction raised Global Payments' spending on bolt-on acquisitions to $2.5 billion in the last ten months.
Price Action: GPN shares are trading 3.83% lower at $153.29 on the last check Monday.
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