Global Payments slides after CD&R, GTCR drop buyout pursuit
GPN•Global Payments shares fell 12% to $88.20 after CD&R and GTCR dropped their pursuit of a take-private deal, people familiar with the matter said.
1. Buyout pursuit ends
CD&R and GTCR dropped their pursuit of Global Payments, citing the complexities of arranging a take-private deal of this scale, people familiar with the matter said. The firms may resume talks later, or another buyer may emerge. The consortium had explored a potential deal over the past several weeks.
