- Global Payments ( NYSE: GPN ) rose 1.3% amid activist speculation after a 13F filing.
- Nomura, viewed as a counterparty for activist swap positions, added 1.3 million shares in the Q4, Gordon Haskett and Dealreporter highlighted in items on Wednesday.
- The Nomura position is noteworthy as competitor Fidelity National Information Services ( FIS ) on Monday announced it would spin off its merchant solution business amid pressure from activists including D.E. Shaw and Jana Partners. Also ACI Worldwide (ACIW ) has reportedly seen takeover interest from Clearlake Capital and Silver Lake.
- Although an activist showing up at Global Payments is a possibility, private equity firm Silver Lake in August disclosed that it would make a strategic investment of $1.5 billion in GPN in the form of a convertible note in conjunction w ith its purchase of EVO Payments.
- On Tuesday Greenlight Capital, owned by hedge fund manager David Einhorn, disclosed it boosted its stake in Global Payments ( GPN ).
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Global Payments ticks higher on activist speculation amid 13F filing