The merger agreement and merger were approved by 99 percent of the shares voted, which constituted 80 percent of the total number of shares. The proposed merger was announced in November 2010 and is expected to close in H2 2011. The merger is pending the satisfaction of applicable regulatory approvals and other customary closing conditions.
Hypercom’s services address the electronic transaction needs of banks and other financial institutions, processors, retailers, merchants, as well as users in the transportation, petroleum, healthcare, prepaid and self-service.
In recent news, VeriFone has entered an agreement with payment technology developer LifeNexus to provide iChip acceptance software on VeriFone payment acceptance solutions.
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