BUZZ - Reports indicate that CD&R is interested in acquiring Global Payments, causing the company's stock to surge.

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October 30 -

** Shares of payment processor Global Payments (GPN.N) rose 12% in afternoon trading to $96.19

** The Financial Times, citing people familiar with the matter, reported that private equity firm CD&R is seeking to acquire GPN, which has an enterprise value of about $40 billion

** The report added that CD&R has teamed up with private equity group GTCR (the largest shareholder of Global Payments) to jointly launch an acquisition offer for the payment processor

** Both CD&R and GTCR declined to comment, while Global Payments has not yet responded to Reuters’ request for comment

** William Blair analysts stated: “Given that GTCR holds about 15% of GPN at a price of $97 per share, we believe this scenario is credible. However, Global Payments' nearly $22 billion net debt could be an obstacle, especially in a rising interest rate environment”

** William Blair analysts added that if the deal goes through, it is likely heralding a new wave of mergers and acquisitions, during which traditional publicly-traded fintech companies could disappear from the market

** As of the end of the previous trading session, the stock had gained 10.7% year-to-date

(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. Since automated translation may contain errors or lack essential context, Reuters does not guarantee the accuracy of the automated translations, which are provided solely for reader convenience. Reuters accepts no liability for any damages or losses arising from the use of automated translation features.)