Cielo To Buy Merchant e-Solutions For $670M

by Lisa Levin, Benzinga Editor

July 2, 2012 7:11 AM | 11 seconds read | Make a Comment

Brazil's Cielo

CIOXY

agreed to buy Merchant e-Solutions for $670 million. Merchant e-Solutions posted revenue of $124 million for the 12 months ended May 31. Cielo shares closed at $29.62 on Friday.

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