Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Vantiv Inc    

VANTIV INC
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Vantiv Offers Deal for Worldpay Valued at $10 Billion -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/05/2017 | 02:47pm 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.

J.P. Morgan confirmed Wednesday it was considering an offer for Worldpay following an invitation from the U.K. firm, but has decided not to go ahead with an offer.

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]

Stocks mentioned in the article
ChangeLast1st jan.
WORLDPAY GROUP 0.00%-End-of-day quote.2.21%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VANTIV INC
02/22WORLDPAY : launches DataEdge for Financial Institutions
PR
02/12WORLDPAY, INC. : to Announce Fourth Quarter and Full-Year 2017 Financial Results..
PR
02/12WORLDPAY : DJI Drones Take Flight with Worldpay
PR
01/27MERCURY, VANTIVE, WORLDPAY : From Durango to London, what's in a name?
AQ
01/25BT still has work to do to rebuild shareholder confidence - investor group
RE
01/17VANTIV : Form 8.3 - Worldpay Group PLC
PU
01/16VANTIV : officially completes Worldpay acquisition
AQ
01/16VANTIV : Scheme becomes effective
PU
01/16WORLDPAY : Vantiv acquires London ecommerce firm
AQ
01/12VANTIV : stakeholders officially approve Worldpay purchase
AQ
More news
News from SeekingAlpha
01/02How To Offer More Value To Your Clients In 2018 
01/01BULLETPROOF INVESTING PERFORMANCE : Week 5 
2017Vantiv sees Worldpay deal closing mid-January; shares up 2% 
2017Tracking Stephen Mandel's Lone Pine Capital Portfolio - Q3 2017 Update 
2017Tracking Larry Robbins' Glenview Capital Management Portfolio - Q3 2017 Updat.. 
Financials ($)
Sales 2017 2 117 M
EBIT 2017 900 M
Net income 2017 278 M
Debt 2017 4 377 M
Yield 2017 -
P/E ratio 2017 47,08
P/E ratio 2018 33,87
EV / Sales 2017 13,2x
EV / Sales 2018 7,08x
Capitalization 23 584 M
Chart VANTIV INC
Duration : Period :
Vantiv Inc Technical Analysis Chart | US92210H1059 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 88,3 $
Spread / Average Target 17%
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
Sector and Competitors
1st jan.Capitalization (M$)
VANTIV INC5.90%23 584
WORLDPAY INC7.04%23 584
CINTAS CORPORATION7.22%17 820
UNITED RENTALS1.89%14 538
ALLIANCE DATA SYSTEMS CORPORATION-5.78%13 237
BUREAU VERITAS-3.60%11 913