Talks Fail Quietly

The approach fails to become a binding proposal, most likely because leverage, valuation, or post-Worldpay execution risk make a $40 billion buyout hard to finance. Global Payments gives back much of the rumor premium, though Elliott’s presence limits the downside by keeping strategic pressure on the board.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.