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4-Traders Homepage  >  Equities  >  Nyse  >  Vantiv Inc    

VANTIV INC
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End-of-day quote. End-of-day quote  - 01/17
77.89 USD   -0.47%
01/17 VANTIV : Form 8.3 - Worldpay Group PLC
01/16 VANTIV : officially completes Worldpay acquisition
01/16 VANTIV : Scheme becomes effective
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Vantiv Offers Deal for Worldpay Valued at $10 Billion

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07/05/2017 | 02:23pm CET
By Ben Dummett and Max Colchester 

Vantiv Inc., a major U.S. credit-card processor, has made an offer valuing U.K. payments group Worldpay Group Inc. at $10 billon, potentially beating out rival bidder J.P. Morgan Chase & Co.

Worldpay said in a statement Wednesday that it had agreed a deal in principle with Vantiv.

The deal, if successful, would create a trans-Atlantic payments processing giant with a combined market value of more than $20 billion. The preliminary agreement still leaves space for J.P. Morgan to make a counterbid. Both parties have until Aug. 1 to make a firm offer.

Vantiv is offering a share and cash deal that would value Worldpay at about 19% of its closing share price before speculation of a deal began. Under the current merger on offer, Worldpay shareholders would own approximately 41% of the share capital of the two groups.

Worldpay is particularly strong in the U.K. and the U.S., processing millions of payments daily in stores, online and on mobile phones.

Ohio-based Vantiv helps merchants, banks and credit unions accept credit- and debit-card payments, as well as gift cards and online payments mainly in the U.S.

Payments businesses are under pressure to consolidate as regulators and rising competition from technology startups, squeeze the fees of incumbents. Worldpay rival Nets AS said last week that it had been approached by suitors. In April, Mastercard Inc. received regulatory approval to acquire payment-technology firm VocaLink Holdings Ltd. for about $920 million.

Write to Ben Dummett at [email protected] and Max Colchester at [email protected]

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Latest news on VANTIV INC
01/17 VANTIV : Form 8.3 - Worldpay Group PLC
01/16 VANTIV : officially completes Worldpay acquisition
01/16 VANTIV : Scheme becomes effective
01/16 WORLDPAY : Vantiv acquires London ecommerce firm
01/12 VANTIV : stakeholders officially approve Worldpay purchase
01/12 VANTIV : SalePoint, Inc. Announces Payment Processing Partnership with Vantiv
01/11 VANTIV : stockholders OK Worldpay merger
01/08 VANTIV, INC. : Submission of Matters to a Vote of Security Holders, Other Events..
2017 VANTIV, INC. (NYSE : VNTV) Files An 8-K Entry into a Material Definitive Agreeme..
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Financials ($)
Sales 2017 2 120 M
EBIT 2017 900 M
Net income 2017 278 M
Debt 2017 4 367 M
Yield 2017 -
P/E ratio 2017 50,29
P/E ratio 2018 39,73
EV / Sales 2017 8,66x
EV / Sales 2018 4,44x
Capitalization 13 995 M
Chart VANTIV INC
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Vantiv Inc Technical Analysis Chart | US92210H1059 | 4-Traders
Technical analysis trends VANTIV INC
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Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 87,9 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Charles D. Drucker Executive Chairman & Co-Chief Executive Officer
Philip Eric Rene Jansen Co-Chief Executive Officer & Director
Mark L. Heimbouch Chief Operating Officer & Director
Stephanie Ferris Chief Financial Officer
Michael D. Vaughan Rake Lead Independent Director
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