Electronic payment firm Worldpay to merge with US rival Vantiv

UK’s largest electronic payment processing company agrees £7.7bn offer just a day after news of takeover talks emerged

Worldpay, the UK’s largest electronic payment processing group, has agreed to a takeover by US rival Vantiv that values the British group at £7.7bn.

The cash and shares offer makes Worldpay the latest UK company to be snapped up by a foreign buyer after the Brexit vote, which triggered a sharp fall in the value of the pound.

Continue reading...

from Mergers and acquisitions | The Guardian http://ift.tt/2spH2WN