Payment technology company Global Payments Inc. agreed to buy Heartland Payment Systems Inc. for $4.3 billion.

The deal price of $100 a share provides a 17.5% premium to Heartland's closing stock price Tuesday.

Global Payments said the deal significantly expands its U.S. direct small and medium-size enterprise distribution, merchant base and vertical reach.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

December 15, 2015 16:55 ET (21:55 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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