🟢 Global Payments is trading 11% up today after reports of a potential $40 billion buyout

Global Payments is trading at $96.22, up +10.80%, after reports that Clayton, Dubilier & Rice and GTCR are exploring a potential buyout.

• The reported deal would value the company at about $40 billion.
• Reuters reported talks are ongoing and a deal may not materialize; it could not independently verify the report.
• The reported takeover interest is the clearest catalyst for the October 30 move; third-quarter results are scheduled for November 5.