Business

TSYS shares jump $2.20 apiece after two turbulent trading days

BY TONY ADAMS

tadams@ledger-enquirer.com

Shares of global credit-card and payments processor TSYS took back some lost ground on the New York Stock Exchange Friday.

The company, headquartered in Columbus, saw its shares jump $2.20 apiece, or 5.8 percent, closing at $40.16.

The positive traction followed two days of severe turbulence in which the firm’s stock fell $8.04 per share, or nearly 17.5 percent, from its close of $46 per share on Tuesday, the day it released its fourth-quarter and 2015 earnings report.

It also announced Tuesday the $2.35 billion purchase of merchant acquirer and servicing firm TransFirst, a deal that is expected to be completed before mid-year. TSYS is lining up a $2 billion bridge loan to finance the transaction, which will be the largest in its 33-year history.

The 52-week trading range for the Columbus company’s stock is $34.93 to $56.69 per share.

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