Paysafe backs $3.9 billion offer from Blackstone/CVC group

Payments processing company Paysafe has backed a 3 billion pound ($3.9 billion) takeover offer from a consortium of funds managed by Blackstone and CVC Capital Partners, the latest in a string of deals in the sector. Payments companies have become sought-after targets...

Hedge fund activist Bill Ackman wants to shake up payroll processor ADP; Shares jump

Pershing Square Capital wants control of ADP, including five board seats and the ouster of the chief executive, two demands the payroll processing company has rejected. Shares of ADP rose nearly 3 percent in pre-market trading. The hedge fund run by billionaire...