Deals
Vantiv Agrees to Purchase Worldpay Group for $10.4 Billion
- Annual recurring synergies of $200 million expected from deal
- Vantiv and Worldpay CEOs to jointly lead the combined company
Vantiv Agrees to Buy Worldpay Group for $10.4 Billion
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Vantiv Inc., the largest U.S. merchant acquirer, agreed to buy e-commerce payments company Worldpay Group Plc for about 8 billion pounds ($10.4 billion).
The deal values each Worldpay share at 397 pence and the combined payment processing firm will seek a secondary listing on the London Stock Exchange, according to a statement on Wednesday. Following the deal, the company will be called Worldpay and have a pro forma enterprise value of about 22.2 billion pounds, with Vantiv shareholders owning about 57 percent of the stock.