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Global Payments (NYSE:GPN) said it isn’t in talks with Shift4 Payments (NYSE:FOUR) about any transaction following a report earlier that the company was evaluating a purchase of Shift4.
“Although we typically do not respond to market speculation or rumors, we are not in discussions with Shift4 regarding any type of strategic transaction,” a Global Payments (GPN) spokesperson told Seeking Alpha in an emailed statement.
Shift4 Payments (FOUR) rose almost 5% and Global Payments dropped 2.6% on Thursday after a Bloomberg report that Global Payments (GPN) was evaluating a purchase of the payments company.
Shift4 Payments (FOUR) didn’t respond to Seeking Alpha email request for comment.
Global Payments (GPN) last big acquisition in the payments space was earlier this year when it purchased rival EVO Payments for about $4 billion, including debt.
