London-listed payments processor Worldpay has reached an agreement in principle to merge with US rival Vantiv.
The proposed deal sees Cincinnati-based Vantiv offer 385 pence per share for the UK’s leading payments processor, equivalent to around £7.7bn, and includes another £1.4bn to cover debts.
The merger terms represent a premium of 18.9 per cent to the closing Worldpay share price on July 3rd, the day before new a potential deal was leaked to the market.
Following completion of [...]
