Global Payments (GPN) is nearing an agreement to acquire TSYS (TSS) for about $20B in an all-stock deal that is expected to be announced Tuesday, CNBC reports, citing people familiar with the matter. The combined company plans to refinance with Bank of America, who is advising Global Payments on the deal, leading it, CNBC added. Bloomberg last night reported that Global Payments and Total System Services were in preliminary deal talks. Shares of TSYS are up 14%, or $14.05, to $113.60 in midday trading while Global Payments is up 4% to $153.37.
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