Mergers & Acquisitions
May 24, 2011
VeriFone Drops Divestiture Plan
A technology company responded to a Justice Department antitrust lawsuit blocking its merger with a California firm by abandoning plans to divest portions of its business to a French company, the department announced Friday.
Daily Journal Staff Writer
WASHINGTON - A technology company responded to a Justice Department antitrust lawsuit blocking its merger with a California firm by abandoning plans to divest portions of its business to a French company, the department announced Friday.
Hypercom Corp., which San Jose-based VeriFone Systems Inc. is trying to acquire, will not sell its part of the U.S. market in terminals used for credit- and debit-card purchases to Ingenico...
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