April 9, 2018 / 9:10 PM / 3 months ago

Verifone to be taken private in $3.4 bln deal

April 9 (Reuters) - Payments company Verifone Systems Inc said on Monday an investor group led by Francisco Partners will acquire the company in a deal valued at about $3.4 billion.

The group, which also includes British Columbia Investment Management Corp, will pay $23.04 in cash for each Verifone shares, a 54 percent premium to the stock's closing price on Monday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)

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