U.S. card firm Vantiv to announce Worldpay deal Wednesday: sources
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Vantiv (VNTV), Worldpay Announce Merger
August 9, 2017 6:19 AM EDTThe boards of directors of Vantiv, Inc. (NYSE: VNTV) and Worldpay Group plc (LSE: WPG) today announced that they have reached agreement on the terms of a recommended merger of Worldpay with Vantiv and Vantiv UK Limited (a subsidiary of Vantiv).
Under the terms of the merger, which have been further detailed today in an announcement issued under Rule 2.7 of the UK Takeover Code, Worldpay shareholders will be entitled to receive £0.55 cash for each Worldpay share held and 0.0672 of a New Vantiv share. Worldpay... More
Vantiv (VNTV) Enters Transaction Agreement with Fifth Third Bank
August 8, 2017 10:56 AM EDTVantiv (NYSE: VNTV) disclosed in an SEC filing:
On August 7, 2017, Vantiv, Inc. (the Company) entered into a transaction agreement with Fifth Third Bank (the Purchase Agreement) pursuant to which Fifth Third Bank has agreed to exercise its right to exchange 19,790,000 Class B Units in Vantiv Holding, LLC (Holding) for 19,790,000 shares of the Companys Class A common stock and immediately thereafter, the Company will purchase those newly issued shares of Class A common stock (the Share Purchase) directly from Fifth Third Bank at a price of $64.04 per share, the closing share price of the Companys... More
