WebThe spin-off of TSYS on December 31, 2007 resulted in a reduction of shareholders’ equity of $684 million. Discontinued operations for the year ended December 31, 2007 also … WebOct 28, 2007 · Digital Transactions:Synovus Financial Corp. confirmed last week that it plans to spin off its entire 80.8 percent interest in payment card processor Total System Services Inc. (TSYS) to shareholders."This transaction allows for broader diversification of our shareholder base; more liquidity in our shares; additional investment in strategic growth …
Why do I need Synovus? - Annual report
WebSynovus currently owns approximately 80.7% of TSYS. The distribution of the approximately 159.6 million TSYS shares owned by Synovus will be made on a pro-rata basis on December 31, 2007 to shareholders of record as of the close of business on the record date. The spin-off will be tax-free to Synovus and its shareholders. WebIn 1959, TSYS was founded as a division of Columbus Bank and Trust (now Synovus). In 1974, ... In 2007, Synovus completed the corporate spin-off of TSYS. In July 2004, the … fine art film photography fairfax va
Synovus Completes Spin-off of TSYS - SYNOVUS FINANCIAL …
WebJan 3, 2008 · Synovus Completes Spin-off of TSYS - SYNOVUS FINANCIAL CORP - EX-99.1 - January 03, 2008 Form Type: EX-99.1: File Date: 2008-01-03 Exhibit 99.1. NEWS RELEASE. … WebOct 28, 2007 · Digital Transactions:Synovus Financial Corp. confirmed last week that it plans to spin off its entire 80.8 percent interest in payment card processor Total System … WebTSYS will become a fully independent company no longer owned by Synovus. Synovus’ Board of Directors has approved an agreement providing for the spin-off to Synovus’ … fine art facts