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Acrisure Acquires Payroll Business from Global Payments for $1.1 Billion to Expand its Fintech Product Offering

1. Acrisure to acquire GPN's Heartland Payroll for $1.1 billion. 2. This expands Acrisure’s payroll and HCM capabilities significantly.

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$75.7505/28 07:34 AM EDTEvent Start
$75.34505/29 01:54 PM EDTLatest Updated
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FAQ

Why Bearish?

The divestment of Heartland Payroll might indicate GPN's strategic shift, potentially reflecting short-term challenges. Similar past divestitures in tech sectors led to immediate stock declines.

How important is it?

The acquisition of a significant part of GPN indicates a strategic reallocation, crucial for investors. The transaction size and implications for GPN's service offerings are substantial.

Why Short Term?

Immediate market reactions may reflect concerns about GPN's operational structure. Historical data shows that divestitures often cause short-term volatility.

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PAYCADPINTU
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Acrisure today announced the signing of a definitive agreement to acquire Global Payments' (NYSE: GPN) payroll business, Heartland Payroll Solutions (“Heartland Payroll”), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion. Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure's current payroll and HCM capabilities and adva.

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