Deals
Worldpay Soars Amid Takeover Interest From Vantiv, JPMorgan
- Payment processor’s market value surpasses $10 billion
- Wirecart, Worldine shares jump amid industry bid speculation
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Worldpay Group Plc, the U.K. payment-processing company that listed in London two years ago, said it has received preliminary takeover approaches from Vantiv Inc. and JPMorgan Chase & Co.
Worldpay shares surged as much as 26 percent and were up 21.6 percent at 12:10 p.m. in London to 389.4 pence, giving the former payment-processing division of Royal Bank of Scotland Group Plc a market value of 7.8 billion pounds ($10.1 billion). Other payments companies also gained, with Germany’s Wirecard AG and France’s Worldline SA climbing as much as 5.3 percent and 4.4 percent respectively.