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Fly News Breaks for May 29, 2019
GPN, TSS
May 29, 2019 | 07:53 EDT
As previously reported, KeyBanc analyst Josh Beck downgraded TSYS (TSS) to Sector Weight from Overweight after Global Payments (GPN) announced an all-stock merger of equals with TSYS. The analyst believes the Global Payments-TSYS tie-up makes sense for the new industry future, and prefers Global Payments' shares as the way to play the deal and does not expect further bidders to emerge.
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