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Private Equity

Verifone Agrees To $3.4b Private-equity Acquisition By Francisco Partners

by marketwatch.com posted 8months ago 86 views
Verifone Systems Inc. shares skyrocketed late Monday after the payment and business services provider and private-equity firm Francisco Partners said they have struck a deal under which an investor group led by Francisco Partners will acquire Verifone for $23.04 a share in cash, or about $3.4 billion including Verifone's debt and a premium of about 54% on Monday's closing price of $15. Verifone's board of directors unanimously approved the agreement and recommends stockholders vote in favor of the transaction, the companies said in a statement.