Heartland stockholders approve Global Payments merger
Global Payments Inc. (GPN), a leading worldwide provider of payment technology services, and Heartland Payment Systems, Inc. (HPY), one of the nation’s largest payment companies, announced today that Heartland stockholders voted to approve the proposal relating to Heartland’s merger with Global Payments.
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Approximately 29.7 million shares were voted in favor of the merger proposal. The favorable vote represents approximately 99% of the total Heartland shares which voted on the merger proposal and 80% of the total outstanding Heartland share count.
The transaction remains subject to customary closing conditions, and, in accordance with the merger agreement, the merger is expected to close no later than three business days from today.