Hypercom Board Rejects VeriFone Proposal

SCOTTSDALE, Ariz. — Hypercom here, a provider of electronic payment terminals, today announced that its board of directors has received and unanimously rejected an unsolicited, non-binding proposal from VeriFone Systems.

SCOTTSDALE, Ariz. — Hypercom here, a provider of electronic payment terminals, today announced that its board of directors has received and unanimously rejected an unsolicited, non-binding proposal from VeriFone Systems, San Jose, Calif., another provider of payment terminals. The letter, which was received on September 27, proposed to acquire all of the outstanding common shares of the Company for $5.25 per share in cash.

Hypercom's Board concluded that VeriFone's proposal "si

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