BUZZ-Global Payments shares fall after CD&R and GTCR abandon acquisition plans

November 12 - ** The share price of payment service provider Global Payments (GPN.N) fell 12% in afternoon trading, to $88.20

** According to two insiders, due to the complexity of arranging such a large-scale privatization deal, private equity firms CD&R and GTCR have abandoned their acquisition plans for GPN (link)

** The sources said CD&R and GTCR may reopen negotiations with Global Payments at a later date, or another acquirer may emerge

** In past weeks, a consortium of buyers had discussed a potential deal for GPN (link)

** According to data compiled by London Stock Exchange Group (LSEG), among 38 brokerages, 18 rated the stock as “buy” or higher, 18 rated it “hold,” and 2 rated it “sell”; the median target price is $106

** As of the close of the previous trading day, GPN’s share price had risen 29.5% so far this year

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