Vantiv has completed its acquisition of Worldpay Group. The combined company, named Worldpay, Inc. creates a leading payments provider uniquely equipped to power global integrated omni-commerce, processing more than 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The proposed combination of the two companies was announced on August 9, 2017. [...]
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Worldpay has agreed a £9.1bn deal to be acquired by US rival Vantiv, sending shares in the company down sharply. Worldpay fell close to 10% to £3.68, soon after unveiling Vantiv’s planned takeover of the business, which values its shares at £3.85. Shares in Worldpay had climbed to as high as £4.35 amid expectations that [...]
Shares in Worldpay hit new highs after the UK’s largest payments processor received separate preliminary takeover offers from JPMorgan and Vantiv of the US. Worldpay said it had “received preliminary approaches”, but that “there can be no certainty either that an offer will be made nor as to the terms of any offer, if made”. [...]
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