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Payment processor First Data Corp. has agreed to acquire payment processor CardConnect Corp. The deal, valued at around $750 million, will see First Data acquire all outstanding shares of CardConnect for $15 per share in cash. CardConnect processes a significant volume of transactions annually from its merchant customers. First Data, originally taken private by KKR in 2007, went public in 2015 and has become one of KKR's largest holdings.
Monday, 29 May, 2017