On Wednesday, Shares of Heartland Payment Systems, Inc. (NYSE:HPY), surged 11.60% to $94.97.
Heartland Payment Systems declared that it has reached a definitive agreement to acquire Heartland Payment Systems, Inc. (HPY), one of the nation’s largest payment companies.
The transaction significantly expands Global Payments’ U.S. direct small and medium-sized enterprise distribution, merchant base and vertical reach. Heartland’s strengths in direct sales and technology-led distribution are highly complementary to Global Payments’ expertise in 60 vertical markets with 2,000 technology partners. The combination will leverage Global Payments’ scalable, worldwide infrastructure, and drive substantial technological and operational synergies.
Global Payments anticipates accelerating revenue growth by combining Heartland’s deep expertise in technology solutions with its OpenEdge partner integration, network and marketing capabilities to create a distinctive set of solutions and distribution. In addition, Global Payments plans to leverage Heartland’s product and sales capabilities globally through direct distribution in the 29 countries in which Global Payments presently does business. Opportunities to cross-sell Heartland’s point of sale, payroll, loyalty and gift solutions into Global Payments’ core U.S. and international markets will be augmented by deeper penetration into key Heartland vertical markets counting restaurant and education.
Heartland Payment Systems, Inc. provides payment processing services in the United States. It offers end-to-end electronic payment processing services to merchants by facilitating the exchange of information and funds between them and cardholders financial institutions; and undertakes merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk administration services. The company also sells and rents point-of-sale devices.
Shares of Navient Corporation (NASDAQ:NAVI), inclined 3.36% to $12.77, during its last trading session.
Navient Corporation declared that the Early Tender Date (as defined below) in respect of its formerly declared modified “Dutch Auction” tender offer (the “Offer”) for a portion of its outstanding 6.000% Medium Term Notes, Series A due January 25, 2017 (the “Notes”) expired at 5:00 p.m., New York City time, on December 15, 2015 (the “Early Tender Date”).
As of the Early Tender Date, Navient received valid tenders from holders of $434,760,000 in aggregate principal amount of the Notes at various bid prices within the acceptable bid price range of $1,022.50 to $1,032.50 per $1,000 principal amount. The aggregate amount of Notes validly tendered and not withdrawn at the Early Tender Date exceeded the Tender Cap ($350 million in aggregate principal amount of the Notes); therefore, Navient will accept for purchase $351,884,000 in aggregate principal amount of the Notes validly tendered in the Offer at the Clearing Price (as defined in the Amended Offer to Purchase (as defined below)). There will be a Clearing Price, without proration, and all Notes validly tendered at the Clearing Price will be accepted.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other.
Finally, Shares of FirstEnergy Corp. (NYSE:FE), ended its last trade with 1.64% gain, and closed at $31.64.
FirstEnergy Corp. - Ah, the magic twinkling of Christmas lights, a cornerstone of holiday memories for children of all ages, and a tradition that reaches back to the earliest days of electricity. The holiday season is the most popular time for home decoration, and FirstEnergy’s (FE) utilities hope everyone will enjoy this festive season while also remembering a few tips to assist ensure the holidays remain safe.
Outdoor Lighting Safety
- Check all lights for frayed wires or areas where insulation has pulled away from plugs or sockets. Discard and replace any damaged light strings.
- Ensure that tacks or nails used to hold light strings do not pierce any insulation on wires or light sockets.
- Use only extension cords that are approved for outdoor use. These cords must meet rigorous safety standards that indoor cords may not meet.
- Outdoor lights, inflatables and other decorations should be plugged into outlets protected by ground fault interrupters.
- Place outdoor lights on a timer or turn them off before you go to bed.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.