King & Spalding rung in the new year with a $169.6 million deal helping Total System Services, a credit-card processor based in Columbus, Ga., buy the remaining 49 percent of First National Bank of Omaha’s merchant acquiring business.
The first half of the deal, which King & Spalding also handled, closed in April and involved a $150.5 million joint venture in which TSYS bought 51 percent of the merchant acquiring business, which provides merchants with point-of-sale equipment and processes their transactions.
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