Netspend Holdings Inc. (NTSP) announced after the close Tuesday that it agreed to be acquired by TSYS (TSS) in an all cash transaction valued at approximately $1.4 billion. The transaction is expected to close in mid-2013.
Netspend Holdings declined during the first half of Tuesday's session and closed down by 0.40 at $12.29. The stock is currently trading higher by 3.51 on 40K shares after the bell.
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