TSYS Tumbles After $2.35 Billion Deal to Acquire TransFirst

Updated on
  • Analyst says deal makes sense, but questions multiple paid
  • S&P cuts TSYS credit rating over plan to finance cash purchase

Total System Services Inc. fell the most in 12 years as some analysts said the payments processor overpaid in acquiring Vista Equity Partners’s TransFirst for about $2.35 billion.

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