Fintrax Group to Acquire Planet Payment
PLANET PAYMENT INC (PLPM)
Last planet payment inc earnings: 8/9 07:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
GALWAY, Ireland and LONG BEACH, N.Y., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Fintrax Group, a leader in multi-currency digital payment processing for tourists, and Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of international and multi-currency processing services, today announced that they have entered into a definitive agreement under which Fintrax will acquire Planet Payment for $4.50 per share in cash. Patrick Waldron, Chief Executive Officer of Fintrax Group said, “The acquisition of Planet Payment will expand our ability to serve global customers, particularly in the US, Canada, the Middle East, Latin America, China and South East Asia. We look forward to working with Carl Williams and his team to grow the combined business.” “We are excited to be joining the Fintrax organization and to combining our unique products and services, thus adding more value to our customers,” said Carl J. Williams, Chairman and Chief Executive Officer, Planet Payment. The Board of Directo
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