Global Payments and TSYS have entered into a definitive agreement to execute an all-stock merger. The combined company will be called Global Payments. TSYS shareholders will receive 0.8101 shares in the new company for each share of TSYS common stock they own, which gives TSYS an equity value of approximately $21.50 billion. Global Payments’ shareholders will own 52% of the combined company. TSYS shareholders will own the remaining 48%. The transaction is expected to close in the fourth quarter of this year. ...