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GPN > SEC Filings for GPN > Form 8-K on 28-Jan-2014All Recent SEC Filings

Show all filings for GLOBAL PAYMENTS INC



Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement
On January 23, 2014, Global Payments Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Payment Processing, Inc., a California corporation ("PayPros"), and, solely for limited purposes set forth in the Merger Agreement, certain additional parties.
Pursuant to the terms of the Merger Agreement, the Company will acquire 100% of the capital stock of PayPros for $420,000,000, subject to certain adjustments set forth in the Merger Agreement (the "Merger"). Upon the closing of the Merger, PayPros will become a wholly owned subsidiary of the Company. The Merger, which is subject to customary early termination provisions and closing conditions, including, without limitation, antitrust clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, is expected to close by the end of the Company's 2014 fiscal year, May 31, 2014. Item 7.01 Regulation FD Disclosure

On January 24, 2014, the Company issued a press release announcing that it has entered into the Merger Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release issued on January 24, 2014.

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