U.S. Card Firm Vantiv Clinches $10 Billion Takeover Of Worldpay

www.oann.com | 7/5/2017 | Staff
shardonay (Posted by) Level 3
LONDON (Reuters) – U.S. card firm Vantiv has made a formal offer to buy Britain’s biggest payments processor Worldpay for 8 billion pounds ($10.39 billion), five weeks after the deal was first announced.

Worldpay said on Wednesday that Vantiv has offered 55 pence in cash, 0.0672 of a new Vantiv share, an interim dividend of 0.8 pence per Worldpay share and a special 4.2 pence dividend, valuing the former RBS unit at about 8 billion pounds.

Deal - Vantiv - Payments - Group - Company

The deal will see Cincinnati-based Vantiv creating a global payments group – with the combined company to be called Worldpay – with a pro forma enterprise value of more than 22 billion pounds and global headquarters in the United States. It will be listed in New York but retain a secondary listing in London.

The company’s...
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