Global Payments ($GPN) announced an agreement to buy Heartland Payments (HPY) for $4.3 billion in cash and stock. The combined company is expected to generate revenues in excess of $3 billion and EBITDA of $1 billion, annually. For 2016, the company expects adjusted net revenues of $2.06 billion to $2.10 billion and it raised its cash earnings per share and margin expansion guidance.
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