Payment Processor Vantiv to Buy Worldpay for $10 Billion
On July 4, Worldpay Group PLC announced via the London Stock Exchange that it had been approached by Vantiv Inc. and JPMorgan Chase Bank about a possible acquisition. The companies were given until August 1 to make a firm offer or to withdraw themselves from consideration. News of a potential sale drove up stock prices by about 23 percent, reports The New York Times, bringing the company’s value to about $10.5 billion or 8 billion pounds.
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