First Data to buy CardConnect for $750 mln

First Data Corp said May 29 that it agreed to buy CardConnect for $15 a share or $750 million. CardConnect, of King of Prussia, Pennsylvania, is a payment processor. Allen & Company LLC provided financial advice to First Data and Weil, Gotshal & Manges LLP acted as its legal advisor. Financial Technology Partners LP served as financial advisor to CardConnect, while Wachtell, Lipton, Rosen & Katz acted as CardConnect’s legal advisor.

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