NCR to buy JetPay for $184 mln
NCR Corp said Oct. 22 that it agreed to buy JetPay for $184 million. JetPay’s board has approved the sale. JetPay, of Allentown, Pennsylvania, provides payments services for businesses including card acceptance, processing, payroll, payroll tax filing, human capital management services, and other financial transactions. Two JetPay stockholders, Flexpoint Ford and Larry Stone, have agreed to tender their shares with the sale. Financial Technology Partners LP and FTP Securities LLC acted as the financial and strategic adviser to the special committee of JetPay’s board, while Dechert LLP was legal adviser. BofA Merrill Lynch acted as the financial and strategic adviser to NCR’s board.
22 October 2018•6 mins read
