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Global Payments to Buy Total System Services in $21.5 Billion Deal

M. Corey Goldman

Under terms of the deal, Global Payments will pay Total System shareholders 0.8101 in Global Payments shares for each common share they own. The stock was up 4.83% to close at $118.84 on Tuesday on the New York Stock Exchange. Global Payments CEO Jeff Sloan will lead the combined company following the completion of the transaction, which is expected to close in the fourth quarter.