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U.S. card company Vantiv to buy Worldpay for $10 billion

Today U.S. company Vantiv got to the point of growing into a global payments system worth $29 bln, after it came up with an official offer to purchase UK's Worldpay for £8 bln ($10 bln).

Note that the move was first mentioned in the beginning of July, but it has required about a month of negotiations to finalize, while the deadline was moved two times as the talks were bogging down over the question of governance and protecting UK jobs.

Worldpay stated today that the buyer has offered cash of 55 pence, new Vantiv share’s 0.0672, 0.8 pence of interim dividend for a Worldpay share and 4.2 pence as a special dividend, estimating the ex-unit of Royal Bank of Scotland at around £8 bln, which is 397 pence for a share.

The merged firm’s name is going to be "Worldpay" with its head office in Cincinnati, its primary listing is going to be in New York and a secondary in London.

UK company’s shareholders are going to have near 43% of the new company, whereas their US counterparts – 57%, with the firm’s approximate total value of over £22 bln. British-based offices will administrate all international operations, though UK staff won’t be given any official promises to preserve their jobs.


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