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Activist Investor Pressure? Fiserv Refinances 'US Dollar Debt' Amid CEO Exit

Benzinga·
Activist Investor Pressure? Fiserv Refinances 'US Dollar Debt' Amid CEO Exit

Fiserv announced tender offers to repurchase $750 million in 2027 notes and $2 billion in 2049 notes, refinancing U.S. dollar debt with planned euro-denominated debt issuance. The move comes after activist investor Jana Partners raised its stake and pressured the company, leading to CEO Mike Lyons' departure and replacement by Takis Georgakopoulos. Despite leadership changes, Fiserv reaffirmed its 2026 guidance for 1-3% organic revenue growth and $8.00-$8.30 adjusted EPS.

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