Global Payments to Acquire Heartland Payment Systems
12.17.15
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Simpson Thacher is representing Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, in connection with its proposed acquisition of Heartland Payment Systems, Inc. (NYSE: HPY), one of the nation’s largest payment companies, in a cash-and-stock transaction valued at approximately $4.3 billion. The combined entity will create the leading provider of integrated payments technology solutions. Subject to the terms of the merger agreement, each holder of Heartland common stock will receive $53.28 in cash and 0.6687 shares of Global Payments common stock per share of Heartland stock at closing. The parties expect the merger to close in Global Payments' fiscal 2016 fourth quarter, subject to regulatory approval and customary closing conditions, as well as approval by Heartland's shareholders.
The Simpson Thacher team includes Marni Lerner, Lauren Colasacco and Edward Linden (M&A); Risë Norman (Capital Markets); Christopher Brown, James Doyle and Jim Russell (Banking & Credit); Dave Rubinsky, Alisa Tschorke and Samantha Steinfeld (Executive Compensation & Employee Benefits); Nancy Mehlman, Jodi Schneider, Jordan Tamchin and Michael Badain (Tax); Peter Guryan and Ellen Frye (Competition); and Tim Mulvihill (Environmental).