Payments technology firm Global Payments is weighing to acquire peer Shift4 Payments, Bloomberg News reported on Thursday.
Atlanta, Georgia-based Global Payments has been working with an adviser to study the feasibility of a deal for Shift4, the report added, citing people with knowledge of the matter.
Shift4 CEO Jared Isaacman in his latest letter to shareholders had said that the company is exploring strategic options and alternatives. In an interview, he also said that the firm has received acquisition interest from several parties.
Shares of Global Payments fell 2.9% to $125.34 in late hours of trading, while Shift4’s shares were up 9.4% at $74.02.
Global Payments and Shift4 did not immediately respond to Reuters’ requests for comment.
Source: Reuters.com