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Mentioned Companies:

First Data to Buy CardConnect

First Data will buy all of the outstanding shares of CardConnect’s common stock for $15 per share in cash. CardConnect, the 19th largest acquirer in the U.S., trades on Nasdaq. The sale to First Data is valued at approximately $750 million, including repayment of CardConnect’s outstanding debt and the redemption of its preferred stock. Publicly traded FinTech Acquisition Corp. (Nasdaq: FNTE) purchased CardConnect for $438 million in July 2016 and changed its ticker symbol to CCN. CardConnect will continue to operate under that brand name and with its existing management team, employees,...

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June 2017
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