First Data Statement Regarding BluePay
October 19 2017 - 8:16AM
Business Wire
First Data Corporation (NYSE: FDC) announced today that a draft
news release inadvertently was posted briefly to First Data’s
website early this morning and immediately was removed. The news
release announced that First Data had agreed to acquire BluePay
Holdings, Inc. from current owners, including TA Associates and
BluePay management. First Data confirmed that it is currently in
discussions with BluePay with respect to a potential transaction,
but that a potential transaction has not yet been finalized. There
can be no assurance that a transaction will be finalized and, if
so, what will be the terms and conditions of any such transaction.
As such, the conference call that was announced in the draft news
release will not be held this morning.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology and solutions, serving approximately six million
business locations and 4,000 financial institutions in more than
100 countries around the world. The company’s 24,000
owner-associates are dedicated to helping companies, from start-ups
to the world’s largest corporations, conduct commerce every day by
securing and processing more than 2,800 transactions per second and
$2.2 trillion per year.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains forward-looking information relating
to First Data and the proposed acquisition of BluePay by First Data
that involves substantial risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
by such statements. These forward-looking statements generally
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Forward-looking statements in this communication include, among
other things, statements about the potential benefits of the
proposed acquisition; First Data’s plans, objectives, expectations
and intentions; the financial condition, results of operations and
business of First Data; industry, business strategy, goals and
expectations concerning First Data’s market position, future
operations, future performance and profitability; and the
anticipated timing of closing of the acquisition. Risks and
uncertainties include, among other things, risks related to the
satisfaction of the conditions to closing of the acquisition
(including the failure to obtain necessary regulatory approval) in
the anticipated timeframe or at all; the occurrence of any event,
change or other circumstance that could give rise to the
termination of the stock purchase agreement; risks related to the
potential impact of the announcement or consummation of the
proposed transaction on First Data’s important relationships,
including with employees, suppliers and customers; disruption from
the transaction making it more difficult to maintain business and
operational relationships; negative effects of this announcement or
the consummation of the proposed acquisition on the market price of
First Data’s common stock and on First Data’s operating results;
significant transaction costs; the risk of litigation and/or
regulatory actions related to the proposed acquisition; and risks
related to the ability to realize the anticipated benefits of the
acquisition, including the possibility that the expected benefits
from the proposed acquisition will not be realized or will not be
realized within the expected time period. Many of these factors are
beyond First Data’s control. A further description of risks and
uncertainties relating to First Data can be found in its Annual
Reports on Form 10-K for the fiscal year ended December 31, 2016
and in its subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K, all of which are filed with the SEC and
available at www.sec.gov. Unless otherwise required by applicable
law, First Data disclaims any intention or obligation to update
forward-looking statements contained in this communication as the
result of new information or future events or developments.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171019005709/en/
Peter PoillonInvestor RelationsFirst
Data212-266-3565Peter.Poillon@firstdata.comorLiidia LiuksilaPublic
RelationsFirst Data212-515-0174Liidia.Liuksila@firstdata.com
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