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Heartland Payment Systems, Inc. Message Board

  • joemama630 joemama630 May 18, 2011 12:46 PM Flag

    Does anyone know about a potential buyer for HPY

    In the past, there were rumors that HPY would be acquired. The downsizing of the sales forces was rumored to be one of the primary indicators that they are reducing costs to prepare to be acquired - improve cash flow. In addition, there are a couple large banks that do not have their own processor and acquiring one makes since. I suppose there are other synergistic potential buyers. Anyone have any other insight that might be an indication that management is ready to move on?

 
HPY
53.34-0.51(-0.95%)May 22 4:02 PMEDT