Global Payments (GPN) Sheds Double Digits. These 2 Firms May Hold the Reason

Global Payments Inc. (NYSE:GPN) is one of the 10 Stocks Underperforming the Broader Market.

Global Payments saw its share price decline by 12.03 percent on Thursday to close at $88.18 apiece, following reports that private equity firms CD&R and GTCR have axed plans to acquire the company, weeks after announcing the exploration of a sale.

A report by Reuters citing people privy to the matter said that the two investment firms halted talks given the complexities of the deal, although it noted that a revival remained possible at a later date or if another buyer emerges.

Photo by Tima Miroshnichenko on Pexels

CD&R and GTCR planned to acquire Global Payments Inc. for $40 billion, a year after the latter agreed to a $22.7 billion deal to acquire another payments giant, Worldpay, from GTRC and FIS while disposing of its Issuer Solutions business to FIS for $13.5 billion.

Earlier this month, Global Payments Inc. reported a 56 percent decline in its net income in the third quarter of the year to $280.9 million from $635.2 million in the same period last year. Revenues increased by 63 percent to $3.3 billion from $2.02 billion.

In other news, Global Payments Inc. announced that its board of directors has approved the distribution of $0.25 in dividends to all shareholders on record as of December 10, 2026. Payments will be made on December 24.

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