Payments company Worldline agreed on Monday to buy French rival Ingenico in a 7....
Worldline shares pared earlier losses but were still 2.6% lower, reflecting some concerns that it is paying a hefty premium to buy Ingenico.
Ingenico shareholders would receive 11 Worldline shares and 160.5 euros in cash for seven Ingenico shares, in a primary tender offer. There would also be a secondary offer, with 56 Worldline shares exchanged for 29 Ingenico shares, translating into an offer price of 123.10 euros per Ingenico share. The Ingenico division housing its card terminal business, one area where it has struggled more in recent years, will undergo a strategic review, Worldline’s Grapinet said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Worldline agrees to buy Ingenico and create new European payments leaderPayments company Worldline said it had agreed to buy French peer Ingenico , in a...
Read more »
Payments giant Worldline to buy rival Ingenico in $8.6 billion deal as fintech competition heats upTwo European giants in the payments space are set to combine to create the industry's fourth-largest player.
Read more »
Worldline’s latest deal stretches payments fervourLess than two years after his last purchase, CEO Gilles Grapinet is offering $8.6 bln in cash and shares for French rival Ingenico. It creates the world’s fourth-biggest payments processor by revenue. Still, the rapid pursuit of scale risks leaving investors with dour returns.
Read more »
Poland plans to take part in European tank project: presidentPoland wants to take part in a project to create a European tank, Presient Andrz...
Read more »
Kosovo parties sign long-awaited deal to form governmentKosovo’s two biggest parties reached a deal on Sunday to create a new government...
Read more »
Factbox: UK's Johnson wants 'suite of agreements' to cover post-Brexit EU tiesBritain set out the type of deal it wants to agree with the European Union on Mo...
Read more »