France's Ingenico offers to buy Hypercom for $6.25/shr

Fri Feb 8, 2008 10:08pm GMT
 
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Feb 8 (Reuters) - French electronic payment systems provider Ingenico (INGC.PA: Quote, Profile, Research) said it sent a letter to Hypercom Corp's (HYC.N: Quote, Profile, Research) board, offering to acquire it for $6.25 per share in cash.

The offer represents a 58 percent premium to Hypercom's closing price on Friday on the New York Stock Exchange.

"Hypercom has been uncooperative with regards to a reasonable path forward," Ingenico said in a statement. (Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by Anupama Dwivedi)

 
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