GPN Stock On Track For Its Worst Day In About 19 Months As Private Equity Firms Reportedly Abandon Takeover Talks

Wall Street declined on November 12 after Nvidia's CEO Jensen Huang resigned, causing investor uncertainty. The S&P 500, Nasdaq, and Dow Jones all fell. AMD and Broadcom rose, while Global Payments and Super Micro Computer dropped. Nvidia's leadership change raises questions about its AI strategy and market position, with upcoming earnings being a key test.

Global Payments (GPN) fell 12% after CD&R and GTCR abandoned buyout talks. The stock had risen 11% on Oct. 30 on initial buyout reports. Analysts expect earnings growth, and the forward P/E is below its five-year average. PayPal (PYPL), which also lost suitors, has been buying back stock.

Global Payments (GPN) stock fell 10.6% to $89.64 after private equity firms CD&R and GTCR abandoned talks to take it private, citing financing difficulties. The stock had surged 11% earlier on buyout speculation. Bernstein SocGen raised its price target to $100 but kept a Market Perform rating. The selloff is company-specific, with no macroeconomic factors involved.

Global Payments (GPN) fell 12% following reports that private equity firms Clayton Dubilier & Rice and GTCR ended takeover talks. The firms had been exploring a deal for several weeks, according to reports.

Global Payments' shares dropped 9% and were halted after private equity firms CD&R and GTCR ended takeover talks. The potential acquisition, valued at tens of billions, faced financing challenges due to high borrowing costs. The company's market cap is $26.4 billion. Talks may resume or another buyer could emerge.

Global Payments (GPN) reported Q3 results, with SMB segment revenue up 5% to $1.55B, Enterprise up 8% to $836M, and Platforms up 8% to $625M. Genius platform bookings doubled YoY. The company reaffirmed 2026 guidance, expecting 4-5% revenue growth and $13.60-$13.80 EPS. It returned $200M to shareholders and aims for $7.5B cumulatively through 2027.