MasterCard Adds Travelex Unit In $458M Deal
The deal also includes a £35 million ($55 million) earn-out that will be paid out if certain performance targets are met.
MasterCard said the deal, expected to close in the first half of 2011, will be $0.04 dilutive to its 2011 earnings per share due to amortization and one-time transaction and integration costs. The Purchase, N.Y.-based company said it expects...
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