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

MarketScreener Homepage  >  Equities  >  Nyse  >  Vantiv Inc    

VANTIV INC
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Vantiv, Inc. Offer Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/15/2017 | 07:46pm CEST

TIDMTTM TIDMWPG

RNS Number : 0945O

Vantiv, Inc.

15 August 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR

FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE

RELEVANT LAWS OF SUCH JURISDICTION.

15 August 2017

VANTIV, INC.

COMPLETION OF FIFTH THIRD BANK TRANSACTION AND INTENTION TO VOTE IN FAVOUR OF SHARE ISSUANCE AND PUBLICATION OF LENDER PRESENTATION

Completion of Fifth Third Transaction

On 9 August 2017, Vantiv, Inc. ("Vantiv") and Fifth Third Bank ("Fifth Third"), a shareholder of Vantiv, completed a transaction pursuant to the terms of which Fifth Third exercised its right to exchange 19,790,000 Class B units in Vantiv Holding, LLC, a subsidiary of Vantiv, for 19,790,000 newly-issued shares of Vantiv's Class A common stock (whereupon 19,790,000 corresponding shares of Vantiv Class B common stock held by Fifth Third were automatically cancelled). Immediately thereafter, Vantiv purchased those newly-issued shares of Class A common stock directly from Fifth Third at a price of $64.04 per share, the closing share price of Vantiv's Class A common stock on the New York Stock Exchange on 4 August 2017 (the "Fifth Third Transaction").

Fifth Third Intention to Vote in Favour of Vantiv Share Issuance

In respect of the completion of the Fifth Third Transaction, Vantiv has filed a Form 8-K, and Fifth Third has filed a Schedule 13D, with the U.S. Securities and Exchange Commission. Vantiv is pleased to note that Fifth Third has stated in that Schedule 13D that it currently intends to vote all the shares of Vantiv Class B common stock that it holds at the relevant time in favour of the resolution to be proposed at the meeting of Vantiv's stockholders to approve the issuance of stock to Worldpay ordinary shareholders in connection with Vantiv's offer for Worldpay. As of 15 August 2017, Fifth Third holds 15,252,826 shares of Vantiv Class B common stock.

Publication of Lender Presentation

In connection with the proposed amendments to Vantiv's existing credit facilities, today Vantiv has published a lender presentation which has been uploaded to Vantiv's website at http://info.vantiv.com/vantiv-worldpay-announce-recommended-merger.html.

Enquiries

 
 Vantiv 
 
  Nathan Rozof, Investor Relations 
  Andrew Ciafardini, Corporate          +1 513 900 4811 
  Communications                        +1 513 900 5308 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

OUPLLFFDTTIELID

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
08/09WORLDPAY : 2Q Earnings Snapshot
AQ
08/09WORLDPAY, INC. : Results of Operations and Financial Condition (form 8-K)
AQ
08/09WORLDPAY INC : Worldpay, Inc. Class A to Host Earnings Call
AC
08/06WORLDPAY : and CRS Texas enter into an agreement to extend exclusive relationshi..
PU
07/18WORLDPAY : Solicitation of Consents by Worldpay Finance plc relating to its €500..
PU
07/16WORLDPAY, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
07/16WORLDPAY : strikes deal to offer MasterCard Pay by Bank app
AQ
07/11J Sainsbury Names Martin Scicluna Nonexecutive Chairman -- Update
DJ
07/11Blockchain Finance Unleashes the Power of Global Markets through Worldwide Cu..
AQ
06/29WORLDPAY, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
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 2018 3 927 M
EBIT 2018 1 725 M
Net income 2018 52,9 M
Debt 2018 7 019 M
Yield 2018 -
P/E ratio 2018 412,18
P/E ratio 2019 50,53
EV / Sales 2018 9,08x
EV / Sales 2019 8,04x
Capitalization 28 652 M
Chart VANTIV INC
Duration : Period :
Vantiv Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 102 $
Spread / Average Target 9,5%
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%28 780
WORLDPAY INC7.04%28 780
CINTAS CORPORATION36.00%22 348
UNITED RENTALS-13.33%12 512
LG CORP--.--%11 343
BUREAU VERITAS-2.59%11 202