Global Payments will release its third-quarter results on Thursday amid reports that Clayton, Dubilier & Rice and GTCR, its largest shareholder, are evaluating a potential take-private deal. Such a transaction could rank among the largest leveraged buyouts ever, but its completion remains uncertain because of Global Payments’ nearly $22 billion in net debt. Standalone, the company could benefit from integrating Worldpay, expanding margins, buying back shares and reducing leverage. Analysts’ buyout models range from $84 to $190 per share, with $105 to $110 seen as a potential sweet spot.
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