Reuters logo
BRIEF-Worldpay agrees terms of possible offer with Vantiv
July 5, 2017 / 11:55 AM / 5 months ago

BRIEF-Worldpay agrees terms of possible offer with Vantiv

July 5 (Reuters) - Worldpay Group Plc

* Vantiv Inc and Worldpay Group Plc agree to key terms of possible offer

* Total value to Worldpay shareholders would be £3.85 per Worldpay share comprising 5 pence dividend payment and £3.80 per Worldpay share under terms of potential merger

* Under terms of potential merger, shareholders of Worldpay would receive for each share in Worldpay £0.55 in cash and 0.0672 new Vantiv shares

* Worldpay shareholders to be entitled to cash dividend of 5 pence per Worldpay share, in place of anticipated interim dividend payment

* Combined group is expected to benefit from its strong presence and substantial opportunities in integrated payments and global ecommerce

* Worldpay’s current trading and outlook for half year is in line with Worldpay’s management expectations

* Worldpay and Vantiv have identified substantial opportunities for cost synergies, which support significant potential shareholder value creation

* Following completion of potential merger, Worldpay shares will be delisted from London Stock Exchange

* Discussions between parties remain ongoing regarding other terms and conditions of potential merger

* Following completion of potential merger, Worldpay shareholders would own about 41% of share capital of combined group on fully diluted basis

* Combined group will be led by Charles Drucker as executive chairman and co-CEO and Philip Jansen as co-CEO, with Stephanie Ferris as CFO Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below