DOJ OKs VeriFone-Hypercom Deal With New Asset Buyer

Law360, New York (August 4, 2011, 1:11 PM EDT) -- Federal regulators said Thursday that Hypercom Corp. must sell its U.S. point-of-sale terminals business to private equity fund Gores Group LLC if it wants to push ahead with its $485 million merger with rival VeriFone Systems Inc.

The deal — which will combine two of the U.S.' three leading POS terminal makers into a single company — had stalled while VeriFone, which plans to acquire Hypercom, tried to find a buyer for Hypercom's U.S. assets after regulators said the original buyer, Ingenico SA, did not satisfy...
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