Heartland Payment Systems Stockholders Approve Merger with Global Payments
22 April 2016 - 6:05AM
Business Wire
Global Payments Inc. (NYSE: GPN), a leading worldwide provider
of payment technology services, and Heartland Payment Systems, Inc.
(NYSE: HPY), one of the nation’s largest payment companies,
announced today that Heartland stockholders voted to approve the
proposal relating to Heartland’s merger with Global Payments.
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Approximately 29.7 million shares were voted in favor of the
merger proposal. The favorable vote represents approximately 99% of
the total Heartland shares which voted on the merger proposal and
80% of the total outstanding Heartland share count.
The transaction remains subject to customary closing conditions,
and, in accordance with the merger agreement, the merger is
expected to close no later than three business days from today.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading worldwide provider
of payment technology services that delivers innovative solutions
driven by customer needs globally. Our technologies, partnerships
and employee expertise enable us to provide a broad range of
products and services that allow our customers to accept all
payment types across a variety of distribution channels in many
markets around the world.
Headquartered in Atlanta, Georgia with approximately 4,500
employees worldwide, Global Payments is a FORTUNE 1000 company with
merchants and partners in 29 countries throughout North America,
Europe, the Asia-Pacific region and Brazil. For more information
about Global Payments, our Service. Driven. Commerce brand and our
technologies, please visit www.globalpaymentsinc.com.
About Heartland
Heartland Payment Systems, Inc. (NYSE: HPY), one of the largest
payment processors in the United States, delivers
credit/debit/prepaid card processing and security technology
through Heartland Secure™ and its comprehensive Heartland breach
warranty. Heartland also offers point of sale, mobile commerce,
e-commerce, marketing solutions, payroll solutions, and related
business solutions and services to more than 300,000 business and
educational locations nationwide.
A FORTUNE 1000 company, Heartland is the founding supporter of
the Merchant Bill of Rights, a public advocacy initiative that
educates merchants about fair credit and debit card processing
practices. Heartland also established the Sales Professional Bill
of Rights to advocate for the rights of sales professionals
everywhere.
Forward-Looking Statements
Investors are cautioned that some of the statements we use in
this release contain forward-looking statements and are made
pursuant to the “safe-harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
involve a number of risks and uncertainties and depend upon future
events or conditions. Actual events or results might differ
materially from those expressed or forecasted in these
forward-looking statements. Accordingly, we cannot guarantee you
that our plans and expectations will be achieved. Such statements
may include, but are not limited to, statements about the expected
timing of closing of the proposed merger between Global Payments
and Heartland and other statements that are not historical facts.
Important factors, among others, that could cause actual events or
results to differ materially from those anticipated by our
forward-looking statements include the ability to meet closing
conditions to the merger at all or on the expected terms and
schedule; delay in closing the merger or failure to consummate the
merger; and business disruption during the pendency of the merger.
Additional factors that could cause events or results to differ
materially from those anticipated by our forward-looking statements
can be found in Global Payments’ Annual Report on Form 10-K for the
year ended May 31, 2015, Heartland’s Annual Report on Form 10-K for
the year ended December 31, 2015 and each company’s subsequent
filings with the SEC. Our forward-looking statements speak only as
of the date they are made and should not be relied upon as
representing our plans and expectations as of any subsequent date.
We undertake no obligation to revise any of these statements to
reflect future circumstances or the occurrence of unanticipated
events.
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version on businesswire.com: http://www.businesswire.com/news/home/20160421006476/en/
Global Payments Inc.Investor contact:Andrew Langford,
770-829-8991investor.relations@globalpay.comorMedia contact:Amy
Corn,
770-829-8755media.relations@globalpay.comorHeartlandGregory
FCAJoe Hassett, 610-228-2110Heartland_ir@gregoryfca.com
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