Worldpay shares jump on takeover approach

Tom MarkLast Update : Tuesday 4 July 2017 - 11:13 AM
Worldpay shares jump on takeover approach

Shares in the payments processing firm Worldpay have jumped 15% after the company said it had received a takeover approach.

Its shares had opened higher on bid rumours, and Worldpay later confirmed it had received preliminary approaches from Vantiv and JPMorgan Chase Bank.

It warned “there can be no certainty either that an offer will be made nor as to the terms of any offer, if made”.

Worldpay processes millions of mobile, online and in-store transactions daily.

The company joined the London Stock Exchange two years ago and it is a member of the FTSE 100 index of the UK’s largest listed companies.

Its shares were originally priced at 240p, but following the latest announcement the price jumped to about 388p.

Source: business

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2017-07-04 2017-07-04
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Tom Mark