TSYS to buy NetSpend for $1.4 billion

Tue Feb 19, 2013 4:18pm EST

Feb 19 (Reuters) - TSYS said it will buy prepaid debit card provider NetSpend Holdings Inc for about $1.4 billion in cash.

TSYS offered to pay $16 per share for NetSpend -- a premium of 30 percent to NetSpend's Tuesday closing price.

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