Total System Services closed its $1.4 billion acquisition of NetSpend on July 1, in line with its previously disclosed schedule for closing.

TSYS will pay NetSpend stockholders $16 per share in the all-cash transaction, or nearly $1.16 billion for the nearly 72.45 outstanding shares of NetSpend stock. TSYS will also pay $240.6 million to acquire unvested shares of NetSpend stock.

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