Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

For Worldpay, Everything Must Grow


That's the main reason behind U.S. market leader Vantiv Inc.'s $10.4 billion takeover of Worldpay Group Plc, its British counterpart.


The combined company will now seek a secondary listing in London, something that should allow investors restricted to holding U.K. stocks to share in any upside created by the deal.


Worldpay shares ticked up 0.1 percent, to 384 pence on Wednesday, not far short of the implied 397 pence-a-share Vantiv is offering in cash and stock.


Vantiv has a lot of experience integrating acquisitions, with recent purchases including Mercury Payment for $1.7 billion and Moneris USA for $425 million.


The target trades at 29 times forward earnings, according to Bloomberg data, a premium to Vantiv and Danish peer Nets A/S.




READ MORE (Bloomberg)


  • US payments firm Vantiv clinches $10 bln deal to buy WorldpayNasdaq
  • Payments processor Vantiv buys WorldPay for $10 billionCBS News
  • Pay By Sound: It's Back!PYMNTS.com
  • Payment processors hook up, Priceline slides and Hertz surgesYahoo Finance
  • US payments firm Vantiv clinches $10 billion deal to buy WorldpayReuters UK
  • US firm Vantiv to buy British rival Worldpay for £9.3bnThe Guardian
  • JPMorgan Ends Instant Debit Cards At Branches ServicePYMNTS.com
  • US payment firm Vantiv buys UK's Worldpay for £9.3bChannel NewsAsia
  • US card firm Vantiv clinches $10 billion deal to buy WorldpayYahoo Finance


This post first appeared on The 5th News, please read the originial post: here

Share the post

For Worldpay, Everything Must Grow

×

Subscribe to The 5th News

Get updates delivered right to your inbox!

Thank you for your subscription

×