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TSYS to buy NetSpend for $1.4 billion
February 19, 2013 / 9:20 PM / in 5 years

TSYS to buy NetSpend for $1.4 billion

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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