Tuesday, 4 July 2017

Worldpay shares leap on takeover approaches



Shares in the payments processing firm Worldpay have jumped 15% after the company said it had attracted takeover interest.

 
Its shares started higher on bid rumours, and it later confirmed it had received preliminary approaches from US payments giant Vantiv and JPMorgan.


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 describes itself as a pioneer in card payments, multi-currency processing and the rapidly-growing area of online and contactless payments.
It says it is the market leader in payments in the UK, where it handles more than 40% of all transactions and employs 5,000 people at its London headquarters.


Its systems are particularly popular with small and medium-sized businesses such as hairdressers, restaurants and pubs.




BBC     News.