Vantiv to Acquire British Payments Processor Worldpay
Worldpay said the deal was pushed back until August 11 as both sides needed additional time to finalize the transaction.

U.S. credit card payments processor Vantiv (VNTV) has completed an agreement to acquire Worldpay, Britain's largest payment processing company, according to Reuters.

The deal is expected to be announced on Wednesday.

Shares of Vantiv were down over 1% following the announcement. 

Worldpay said on Tuesday that the deal was initially supposed to be published on July 5, but was pushed back until August 11 as both sides needed additional time to finalize the transaction.

In July, Vantiv offered 55 pence in cash, 0.0672 of a new Vantiv share and a 5 pence cash dividend for each Worldpay share, equivalent to 385 pence per share and valuing the British company at 7.7 billion pounds ($10 billion), Reuters said. 

Payment firms have increasingly become takeover targets for credit card companies and banks seeking to profit from the switch to payments by smartphones or other mobile devices. 


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