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Cardtronics to Acquire DirectCash Payments
Cardtronics (NASDAQ:CATM) and DirectCash Payments Inc. announced a definitive agreement under which Cardtronics would acquire DCPayments.
Cardtronics (NASDAQ:CATM) and DirectCash Payments Inc. announced a definitive agreement under which Cardtronics would acquire DCPayments.
As quoted in the press release:
The purchase price of CAD$19.00 per share includes the assets of First Data Corporation’s Australian retail ATM and managed services ATM portfolio (“First Data ATM portfolio”), which was acquired by DCPayments on September 30. DCPayments is a leading global ATM services provider with approximately 25,000 ATMs (inclusive of its First Data ATM portfolio acquisition) with primary operations in Australia, Canada and the United Kingdom. The combination will leverage Cardtronics’ existing infrastructure and relationships, and drive substantial operating synergies. The combined companies would serve approximately 225,000 ATMs in North America, Europe and Asia-Pacific.
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