Global Payments Denies Talks with Shift4 Payments Global Payments Denies Talks with Shift4 Payments

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Global Payments (NYSE:GPN) made it crystal clear that it isn’t in any form of discussion with Shift4 Payments (NYSE:FOUR) regarding a potential deal. The unequivocal statement came in response to an earlier report suggesting that the payments juggernaut was mulling over a purchase of Shift4.

β€œDespite the grapevine buzzing with all sorts of talks, we want to set the record straight that we are not in discussions with Shift4 regarding any strategic move,” a spokesperson for Global Payments (GPN) asserted in an email statement to Seeking Alpha.

On Thursday, markets witnessed a fervent reaction to the rumors as Shift4 Payments (FOUR) saw a spirited gain of nearly 5%, while Global Payments succumbed to a drop of 2.6% after a Bloomberg report hinted at its interest in acquiring the payments trailblazer. Surprisingly, Shift4 Payments (FOUR) chose to remain mum in response to a Seeking Alpha email request for comment, adding an air of mystery to the entire saga.

It’s also worth noting that Global Payments (GPN) sealed a major acquisition deal in the payments arena earlier this year, when it clinched frontrunner EVO Payments for a hefty $4 billion, inclusive of debt.

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