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Payment Data Systems Again Extends Expiration Date of Deal to Acquire Singular Payments
Friday 11 August 2017

11 August 2017 - US-based electronic payment solutions provider Payment Data Systems, Inc. (NASDAQ: PYDS) has amended the terms of its non-binding letter of intent to acquire Singular Payments, LLC to extend its expiration until 31 August 2017, the company said.

The company previously extended the expiration date, until 1 August.

The amendment was agreed upon by both Payment Data and Singular, in order to allow more time to finalise the transaction.

US-based electronic payment solutions provider Payment Data Systems, Inc. (NASDAQ: PYDS) has amended the terms of its non-binding letter of intent to acquire Singular Payments, LLC to extend its expiration until 1 August 2017, the company said.

The amendment was agreed upon by both Payment Data and Singular, in order for Payment Data to finish its due diligence and for Singular to conclude its audit.

This stock and cash deal was announced in March.

Payment Data Systems offers a range of payment solutions to merchants, billers, banks, service bureaus, and card issuers.

The company operates credit, debit/prepaid and ACH payment processing platforms to deliver convenient, world-class payment solutions and service to their clients.

Payment Data is headquartered in San Antonio, Texas, and has offices in New York, New York; and Long Beach, California.
Details
Date Published: 11/08/2017
Target: Singular Payments
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Payment Data Systems
Comment:
Deal amended, offer now to expire 31 August

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