Worldpay says agreed to be taken over by Vantiv in US$10b deal

LONDON, July 5 — Worldpay Group Plc, Britain’s largest payment processor said it had agreed to terms of a potential merger with US credit card technology firm Vantiv Inc in a deal worth £7.7 billion (RM42.7 billion), excluding debt.

Worldpay’s shareholders will receive 55 pence in cash per share and 0.0672 new Vantiv shares. Worldpay shareholders will also get a cash dividend of 5 pence per Worldpay Share.

That makes the total value for Worldpay shareholders 385 pence per share, a premium of 18.9 per cent to the firm’s stock close on Monday, the day before Worldpay said it had received rival bid approaches from Vantiv and JPMorgan Chase Bank. — Reuters

Source: The Malay Mail Online

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