VERIFONE SYSTEMS, INC. (NYSE:PAY) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01. Completion of the Acquisition or Disposition of Assets.
On June 30, 2017, Verifone Systems, Inc. (“we,” “our,” “Verifone”, or “the Company”) completed the previously announced divestiture of a controlling interest in Verifone Systems (China), Inc. (“Verifone China”), the entity which operates our China business. As a result of the divestiture, the general manager of our China business, Arthur Jiang, acquired 70% of the equity in Verifone China and we will retain a 30% equity interest in the form of non-voting equity that has a liquidation preference of $29 million and that is non-convertible for an initial two year period.
Item 9.01. Financial Statements and Exhibits
(b) Pro Forma Financial Information
The unaudited pro forma consolidated balance sheet of Verifone Systems, Inc. as of April 30, 2017, and the unaudited pro forma consolidated statements of operations of Verifone Systems, Inc. for the year ended October 31, 2016 and the six months ended April 30, 2017 are included as Exhibit 99.1 to this report and are incorporated into this Item 9.01 by reference.
(d) Exhibits
The following exhibit is furnished as part of this Current Report on Form 8-K.
99.1 Unaudited Pro Forma Condensed Consolidated Financial Information of Verifone Systems, Inc.
VERIFONE SYSTEMS, INC. ExhibitEX-99.1 2 ex991unauditedproformafina.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 VERIFONE SYSTEMS,…To view the full exhibit click here
About VERIFONE SYSTEMS, INC. (NYSE:PAY)
VeriFone Systems, Inc. is engaged in providing electronic payment solutions at the point of sale (POS). The Company designs, manufactures, markets and supplies a range of payment solutions and complementary services that enable secure electronic payment transactions and value-added services at the POS. Its segments include North America, Latin America, EMEA and Asia-Pacific. The North America segment consists of operations in the United States and Canada. The Latin America segment operates in South America, Central America, Mexico and the Caribbean. The EMEA segment consists of operations in Europe, Russia, the Middle East and Africa. The Asia-Pacific segment operates in Australia, New Zealand, China, India, and throughout the rest of Greater Asia, including other Asia-Pacific Rim countries. Its services offerings include payment-as-a-service solutions, managed services and terminal management solutions, payment-enabled media, in-taxi payment solutions and security solutions.