Having worked for large, publicly traded companies, I know firsthand that CEOs always want coverage in The Wall Street Journal. This, however, is not what First Data’s CEO was looking for. Allison Prang at the WSJ reports:
First Data Mistakenly Announces Acquisition Plan for BluePay
First Data Corp. said it mistakenly posted a draft of a news release Thursday morning that it would acquire credit-card processing firm BluePay Holdings Inc., a deal it says hasn’t been finalized.
The payment-processing company has since removed the release from its website and said the conference call mentioned in the release isn’t going to happen.
First Data, however, did confirm Thursday that it is in talks to buy BluePay.