August 1, 2017Blog Posts

Vantiv granted extension to make firm bid for Worldpay


British payments firms Worldpay said on Tuesday that its U.S. suitor Vantiv has been granted a week-long extension to Aug. 8 to make a firm takeover bid or walk away for six months. Vantiv agreed to buy Worldpay, a former unit of Royal Bank of Scotland, for 7.7 billion pounds ($10.17 billion) on July 5 and had until Aug. 1 to submit a formal bid, but the two companies are still negotiating the final terms of the deal including the location of the combined group, sources said.


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