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Cardtronics acquires Access to Money

Thursday 18 August 2011 14:25 CET | News

Retail ATM services provider Cardtronics has entered a definitive agreement with Access to Money, a provider and non-bank operator of ATMs in the US.

Cardtronics USA, a wholly-owned division of Cardtronics Inc, will buy all of the outstanding shares of Access to Money for a cash payment of USD 0.285 per share and retire all of Access to Moneys outstanding indebtedness. The total cost to be paid at closing will be nearly USD 21.2 million.

Access to Money provides ATM services to merchants and financial institutions, currently operating nearly 10,350 ATMs in the US.


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Keywords: Cardtronics, Access to Money, ATM, non-bank operator
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce