Payments News

A $3.4 Billion Deal Aims To Take VeriFone Private Again

Apr 10, 2018

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion.

The deal, expected to close in the third quarter, values each VeriFone share at $23.04, representing an almost 54% premium over the April 9 closing price of $15. In early trading Tuesday, VeriFone shares were valued at $22.78. In the past five years, VeriFone’s stock peaked at $38.17 in May 2015, but has not fetched more than $20.84 per share since Jan. 1, 2017, according to Google Finance.

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