Verifone Systems Lands a Big Buyout
The point-of-sale hardware maker is going private.
The Company designs, markets and services transaction automation systems that enable secure electronic payments among consumers, merchants and financial institutions.
The point-of-sale hardware maker is going private.
On a day stocks rebounded, Verifone Systems announced it is being taken private and Tenneco revealed acquisition and reorganization plans.
The payment terminal maker is going private in a $3.4 billion deal.
PAY earnings call for the period ending October 31, 2017.
Pandora Media rose and VeriFone sank as indexes were mixed.
Why Verifone and Lululemon stocks plunged even as indexes climbed higher on Friday.
The payments and commerce products specialist lowered guidance after another painful quarter.
These three value stocks may be down, but they're far from out.
VeriFone and AK Steel both broke away from stock market indexes on Wednesday.
The payment and POS solutions specialist dropped after a mixed quarter and an underwhelming forward outlook.