VeriFone Systems Inc., the second- largest maker of electronic payment equipment, agreed to buy Hypercom Corp. for $485 million in stock to help it expand in European markets. Hypercom jumped to its highest in four years. The $7.32 per share sale price represents a 19 percent premium over Hypercom’s closing share price yesterday of $6.13. VeriFone, based in San Jose, California, will assume Hypercom’s net debt, according to a statement today. Click here to read more.
Eric Kuvykin www.erickuvykin.com