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VANTIV INC (VNTV)
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Vantiv to Buy Back $1.27 Billion in Shares Held by Fifth Third Bancorp

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08/08/2017 | 07:29pm CEST
By Justina Vasquez 

Vantiv Inc. agreed to buy nearly 20 million of its shares from former parent Fifth Third Bancorp for roughly $1.27 billion in a move that allows the payments-processing firm to avoid stock dilution ahead of its planned acquisition of the U.K.'s Worldpay Group PLC.

Fifth Third exercised warrants of Class B shares it held in Vantiv last week, converting them into 19.79 million of Class A stock. Vantiv said Tuesday it reached a deal with the Cincinnati bank to buy and then cancel the shares.

Fifth Third spun off Vantiv, formerly named Fifth Third Processing Solutions, as a separate company in 2009. The bank has been steadily shrinking its position in Vantiv in recent years.

Vantiv that following this share purchase, Fifth Third's remaining director would resign from the company's board.

Vantiv and Worldpay also announced that talks on their planned tie-up are continuing, about one month after Vantiv announced a $10 billion plan to takeover Worldpay.

Fifth Third will hold about a 4.9% stake in Vantiv if the purchase of Worldpay closes.

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Financials ($)
Sales 2017 2 116 M
EBIT 2017 894 M
Net income 2017 274 M
Debt 2017 4 058 M
Yield 2017 -
P/E ratio 2017 44,67
P/E ratio 2018 32,56
EV / Sales 2017 7,78x
EV / Sales 2018 6,09x
Capitalization 12 416 M
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Technical analysis trends VANTIV INC
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 77,1 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Charles D. Drucker President, Chief Executive Officer & Director
Jeff E. Stiefler Chairman
Mark L. Heimbouch Chief Operating Officer & Director
Stephanie Ferris Chief Financial Officer
Richard Robert Bartlett Chief Information Officer
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