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General

Verifone sells for USD 3.4 billion

Tuesday 10 April 2018 | 08:52 CET | News
Verifone Systems has been sold to an investor group for USD 3.4 billion, including Verifone's net debt. The price breaks down to USD 23.04 per share in cash, a premium of 54 percent to the share's closing price on 9 April. The investment group is led by Francisco Partners and includes British Columbia Investment Management Corporation (BCI). Verifone's board of directors has approved the deal, which, when it completes, will turn Verifone into a privately held company.

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Categories: General
Companies: VeriFone
Countries: World
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