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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Total System Services, Inc. (“TSYS” or the “Company”) (NYSE:TSS) with Global Payments Inc. (“Global Payments”) (NYSE:GPN). When TSYS and Global Payments merge, the combined company will be named Global Payments. Under the terms of the deal, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock.
The Total System Services, Inc. merger investigation concerns whether the Board of Total System Services, Inc. breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether the merger with Global Payments undervalues Total System Services, Inc. shares, thus unlawfully harming TSYS shareholders.
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