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Global Payments surges on report of CD&R takeover interest

By Reuters News22 hours ago Updated

** Shares of payments processor Global Payments GPN.N rise 17.83% to $100.7 in afternoon trading

** Private equity firm CD&R is looking to acquire GPN, which has an enterprise value of roughly $40 billion, the Financial Times reported, citing people familiar with the matter

** CD&R has teamed up with private equity group GTCR, Global Payments' biggest shareholder, on a joint bid for the payment processor, the report added

** CD&R and Global Payments did not immediately respond to Reuters requests for comment

** Including session's move, stock up 9.5% YTD

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