Global Payments shares rose on Wednesday following media reports that activist investor Elliott Management has acquired a stake in the fintech company.
In April, Global Payments announced a blockbuster $22.7 billion deal to acquire Worldpay from GTRC and FIS, while simultaneously selling its Issuer Solutions business to FIS for $13.5 billion. The company had been divesting assets and buying back stock, which contributed to a decline in its stock price—down approximately 30% this year.
The agreement is anticipated to close in the first half of 2026 and does not require a shareholder vote. The news, first reported by the Financial Times, that Elliott has secured a “sizable” stake in Global Payments led to a roughly five percent increase in share price during morning trading on Wednesday. The exact size of the stake and Elliott’s specific demands have not been disclosed.