Worldpay says agreed to be taken over by Vantiv in $10 billion deal

[July 05, 2017]  (Reuters) - Worldpay Group Plc, Britain's largest payment processor said it had agreed to terms of a potential merger with U.S. credit card technology firm Vantiv Inc in a deal worth 7.7 billion pounds ($9.95 billion), excluding debt.

Worldpay logo in undated handout. REUTERS/Handout/Worldpay

Worldpay's shareholders will receive 55 pence in cash per share and 0.0672 new Vantiv shares. Worldpay shareholders will also get a cash dividend of 5 pence per Worldpay Share.

That makes the total value for Worldpay shareholders 385 pence per share, a premium of 18.9 percent to the firm's stock close on Monday, the day before Worldpay said it had received rival bid approaches from Vantiv and JPMorgan Chase Bank.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rachel Armstrong)

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