Dollar Financial Corp.
Recently, Total System Services (NYSE: TSS) announced that it would buy NetSpend Holdings (NASDAQ: NTSP) at about $16 per share, with a total transaction value of $1.4 billion. The offering price represented a 26% premium on NetSpend’s closing price last Monday. Is $16 per share price tag fair for NetSpend’s shareholders? Is Total System a buy after this deal? Let’s find out.
NetSpend and Total System more »
NetSpend Holdings (NASDAQ: NTSP) announced recently that is bringing PayPal’s Prepaid Mastercard to 7-Elevens as the exclusive program manager and processor for the card. The move will aid prepaid card users, but can also boost NetSpend’s financial position in this rapidly growing industry.
The stock recently reached $8.97 which was within it 52-week trading range of $3.90 and $10.22. The company is expected to release more »