Pzena Focused Value strategy 2025 Q2 (GPN)
Pitch Summary: Lastly, merchant acquirer Global Payments announced a transformational acquisition of Worldpay during the quarter. The deal surprised investors, given management’s prior emphasis on returning capital to shareholders in lieu of M&A. After meeting with the company and conducting extensive due diligence, we gained conviction in the strategic rationale for the transaction, as the […]
