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Bids, Mergers and Takeovers

Worldpay agrees £9.3bn merger with Vantiv

09 August 2017 07:50

Payment processing company Worldpay (WPG) has agreed to a £9.3 billion merger with rival organisation Vantiv.

Worldpay shareholders will receive 55p in cash and a dividend of 5p per share.

The terms of the merger value each Worldpay share at 397p and Worldpay's entire issued and to be issued ordinary share capital at approximately £8 billion.

It represents a premium of approximately 22.7% to the closing price per Worldpay share of 320p on 3 July - the last business day before the commencement of the offer period.

The terms of the merger imply an enterprise value of Worldpay of approximately £9.3 billion.

The combined company will have a pro forma enterprise value of approximately £22.2 billion.

Vantiv will seek a secondary standard listing on the Main Market of the London Stock Exchange.

The companies said the combined organisation will be a leading global omni-commerce payments provider and its enhanced capabilities will position it to better and more quickly address merchants' evolving needs and to realise improved commercial outcomes for its clients.

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Related Company: WPG

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