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
OFFRE

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 CEST
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 ben.dummett@wsj.com and Max Colchester at max.colchester@wsj.com

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
08/24WORLDPAY : E-commerce Growth is Set to Expand the Mobile-wallet Market
PR
08/22Dutch payments firm Adyen first-half profit surges
RE
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
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 3 928 M
EBIT 2018 1 727 M
Net income 2018 184 M
Debt 2018 7 019 M
Yield 2018 -
P/E ratio 2018 293,52
P/E ratio 2019 52,62
EV / Sales 2018 9,56x
EV / Sales 2019 8,47x
Capitalization 30 525 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 106 $
Spread / Average Target 8,2%
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%30 525
WORLDPAY INC7.04%30 525
CINTAS CORPORATION37.89%22 581
UNITED RENTALS-2.83%13 649
BUREAU VERITAS-0.26%11 748
TELEPERFORMANCE41.31%11 404