First Data Statement Regarding BluePay
- Category: Corporate
NEW YORK, OCTOBER 19, 2017 – First Data Corporation (NYSE: FDC) announced today that a draft news release inadvertently was posted briefly to First Data’s website early this morning and immediately was removed. The news release announced that First Data had agreed to acquire BluePay Holdings, Inc. from current owners, including TA Associates and BluePay management. First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, but that a potential transaction has not yet been finalized. There can be no assurance that a transaction will be finalized and, if so, what will be the terms and conditions of any such transaction. As such, the conference call that was announced in the draft news release will not be held this morning.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.
First Data Contacts
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking information relating to First Data and the proposed acquisition of BluePay by First Data that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed acquisition; First Data’s plans, objectives, expectations and intentions; the financial condition, results of operations and business of First Data; industry, business strategy, goals and expectations concerning First Data’s market position, future operations, future performance and profitability; and the anticipated timing of closing of the acquisition. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing of the acquisition (including the failure to obtain necessary regulatory approval) in the anticipated timeframe or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of the stock purchase agreement; risks related to the potential impact of the announcement or consummation of the proposed transaction on First Data’s important relationships, including with employees, suppliers and customers; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of this announcement or the consummation of the proposed acquisition on the market price of First Data’s common stock and on First Data’s operating results; significant transaction costs; the risk of litigation and/or regulatory actions related to the proposed acquisition; and risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period. Many of these factors are beyond First Data’s control. A further description of risks and uncertainties relating to First Data can be found in its Annual Reports on Form 10-K for the fiscal year ended December 31, 2016 and in its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are filed with the SEC and available at www.sec.gov. Unless otherwise required by applicable law, First Data disclaims any intention or obligation to update forward-looking statements contained in this communication as the result of new information or future events or developments.