Worldpay: it's a merger, honest

Worldpay: it's a merger, honest

Worldpay's (WPG) half-year results hardly moved the group’s share price, despite double-digit top line growth and an improved dividend. The restrained market reaction should be seen in the context of merger talks with US-based payments company Vantiv (us:VNTV), first announced just over a month ago. To coincide with these results, Vantiv announced that the two companies’ boards have agreed the terms of a recommended merger: for every Worldpay share held, 55p in cash will be awarded along with 0.0672 of a new Vantiv shares. Should the merger go ahead as planned, Worldpay shareholders will own 43 per cent of the combined business – an improvement on the earlier proposition of 41 per cent. 

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