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Bids, Mergers and Takeovers

Vantiv and Worldpay agree terms of possible offer

05 July 2017 13:07

Worldpay Group and Vantiv, Inc. have announced that they have reached an agreement in principle on the key terms of a potential merger, whereby Worldpay shareholders would receive:

For each ordinary share in Worldpay:

- £0.55 in cash; and

- 0.0672 new Vantiv shares

Worldpay shareholders would also be entitled to a cash dividend of 5p per Worldpay share, in place of any anticipated interim dividend payment to be declared and approved by the Board of Worldpay by the time of Worldpay's Half Year Results 2017.

The total value to Worldpay shareholders would be £3.85 per Worldpay share, comprising the 5p dividend payment and £3.80 per Worldpay share.

At 1:07pm: (LON:WPG) Worldpay Group Plc share price was -2.85p at 405.15p

Story provided by StockMarketWire.com

Related Company: WPG

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