CD&R and GTCR Launch $40 Billion Buyout Bid for Global Payments

Private investment firm CD&R and private equity group GTCR have launched a joint 40 billion dollar buyout bid for card processor Global Payments, according to reports. GTCR is Global Payments' largest shareholder, and the potential deal comes while Global Payments' shares are near a ten-year low following its acquisition of Worldpay. Representatives for the involved companies declined to comment or did not immediately respond to inquiries. Open article →