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4073 articles tagged with this keyword

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De La Rue rejects improved Oberthur offer

British bank note maker De La Rue has rejected an improved, 935 pence a share, takeover offer from French suitor Oberthur.

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Amex cuts 550 jobs

American Express has outlined plans to "consolidate locations" within its global servicing network, cutting its workforce by around 550 positions and leading to a $113 million restructuring charge that will hit fourth quarter results.

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BAE Systems makes EUR217m Norkom bid

BAE Systems has agreed a EUR217 million takeover of Norkom Technologies, a Dublin-based provider of anti-fraud and compliance software to the financial services industry.

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Kabbage raises $6.65 million

Kabbage, a US start-up that provides working capital advances to online merchants has raised $6.65 million in a series a funding round led by BlueRun Ventures.

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Monitise hails break-even milestone

Monitise says that its European arm has reached month-on-month cash break even, a key performance target for the UK-based mobile money business, which in August reported widening full year operating losses of £17.1 million.

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Markit buys risk analytics specialist QuIC

UK finance information vendor Markit has acquired Canadian risk analytics outfit QuIC Financial Technologies. Financial terms of the deal were not disclosed.

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Square raises $27.5m

Twitter founder Jack Dorsey has confirmed that his new mobile payments venture Square has raised $27.5 million in a funding round led by Sequoia Capital.

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Wallstreet buys Thomson Reuters corporate treasury manager service

Fintech vendor Wall Street Systems has agreed to acquire Thomson Reuters' corporate treasury manager service. Financial terms of the deal were not disclosed.

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Bats hires underwriters ahead of possible IPO - WSJ

Exchange operator Bats Global Markets could be set to embark on an initial public offering after hiring underwriters, according to the Wall Street Journal.

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Oberthur steps up pressure on De La Rue with Indian contract claim

French firm Oberthur has stepped up the pressure on takeover target De La Rue, claiming the British bank note maker recently lost out on a major order from a key customer.

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Tsys seizes control of First National Bank of Omaha joint venture

US payment processor Tsys has acquired the remaining 49% stake in First National Merchant Solutions, a joint venture created in association with First National Bank of Omaha just eight months ago.

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Ingenico receives EUR1.44bn takeover offer

French payment terminal vendor Ingenico says it has received a takeover offer worth around EUR1.44 billion from an undisclosed bidder.

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Barclays sells RealTick to ConvergEx

Barclays has agreed to sell multi-broker, cross-asset electronic execution platform RealTick to fintech firm ConvergEx. Financial terms of the deal were not disclosed.

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Amex shells out EUR496m on Loyalty Partner

American Express has agreed the EUR496 million acquisition of Loyalty Partner, a marketing services outfit operating programmes in Germany, Poland and India.

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Nasdaq OMX buys real-time risk specialist FTEN

Nasdaq OMX has agreed the acquisition of real-time risk management technology provider FTEN. Financial terms of the deal were not disclosed.

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Intel invests in Indian trading tech vendor Omnesys

Tech giant Intel has acquired a stake in Omnesys Technologies, a Bangalore-based provider of software for securities trading and order management systems. Terms of the deal were not disclosed.

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De La Rue names Cobbold CEO

UK banknote printer De La Rue, in the process of fighting off takeover interest from Oberthur Technologies, has appointed Tim Cobbold chief executive.

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MasterCard pays £290m for Travelex pre-paid card unit

MasterCard has acquired the pre-paid Card Program Management operations of Travelex for £290 million in cash.

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Standard Life to acquire Focus Solutions

Standard Life has made a recommended £42 million bid for UK AIM-listed financial technology supplier Focus Solutions.

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De La Rue confirms bid approach

Following media speculation that it is the subject of a takeover bid from Oberthur Technologies, troubled UK banknote manufacturer De La Rue has confirmed it has received a "highly preliminary and opportunistic approach".