10 Firms End Stronger, Buck Muted Broader Market Trading

4. Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National grew its share prices by 8.65 percent on Thursday to close at $74.58 apiece as investors cheered news of its proposed acquisition of Global Payments Inc.’s (NYSE:GPN) Issuer Solutions business for $13.5 billion.

According to the company, the acquisition will expand FIS’s payment product suite and deepen its relationships with financial institutions and corporate clients.

“Issuer Solutions’ globally scaled credit processing capabilities are highly complementary to FIS’s established debit processing capabilities, strengthening our broader banking and capital markets offering,” said FIS President and CEO Stephanie Ferris.

FIS will fund the acquisition through a combination of $8 billion of new debt and the value from the sale of its minority stake in Worldpay.

Concurrently, FIS entered into a definitive agreement to sell its stake in Worldpay to Global Payments for $6.6 billion. The transaction accelerates the monetization of its minority stake in Worldpay.