VeriFone to Acquire Hypercom

Electronic payment terminal vendor VeriFone Systems announced a definitive agreement to acquire Hypercom, Scottsdale, Ariz., another payment terminal provider, in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.

SAN JOSE, Calif. — Electronic payment terminal vendor VeriFone Systems here today announced a definitive agreement to acquire Hypercom, Scottsdale, Ariz., another payment terminal provider, in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.

Both companies' terminals are used by food retailers to process POS card transactions.

Under the terms of the transaction, which has been unanimously approved by the boards of di

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