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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Hypercom Corp | NYSE:HYC | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 8.56 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
The Justice Department filed an antitrust lawsuit Thursday to block VeriFone Systems Inc. (PAY) from acquiring Hypercom Corp. (HYC), arguing the deal would mean less competition in the market for point-of-sale terminals.
The terminals are used by retailers to accept credit-card and debit-card payments.
The department said the two companies control more than 60% of the market for terminals used by the largest retailers.
The companies had sought to address potential antitrust concerns by agreeing to sell Hypercom's U.S. business to Ingenico SA (ING.FR). The Justice Department, however, said the proposed fix to the merger proposal was inadequate.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com
1 Year Hypercom Chart |
1 Month Hypercom Chart |
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