Gores Carving Out Hypercom Business

The Gores Group is acquiring Hypercom's U.S. operations, which provide electronic payment and transaction devices, as well as value-added services at the point of transaction, to the U.S. retail and banking industries. The transaction is part of a settlement with the U.S. Department of Justice made immediately prior to the completion of a merger between Hypercom (NYSE: HYC) and VeriFone Systems (NYSE: PAY).