20 September 2017
Find out more

Worldpay and Nets shares spike on takeover talks

04 July 2017  |  7030 views  |  0 Hourly Markets

Shares in payment processors Worldpay and Nets have surged amid widespread market chatter of takeover talks with third party suitors.

Worldpay shares were up nine percent in early trading after it confirmed that it has received separate preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay.

The news comes a day after Danish processor Nets saw its price rise by 13.8% after confirming paper talk that it has drawn interest from potential buyers and is reviewing its options. US private equity firm Hellman & Friedman is among the companies to have shown interest in Nets, Bloomberg reports.

Both companies are recent stock market debutants, having been listed by their private equity backers over the past 15 months. The bids follow a trend to return cash-generating publicly listed companies to private hands, and with the fall in sterling Britain's top firms are an obvious target.

Worldpay shares closed 28% up on the day as analysts predicted that other potential suitors could enter the fray. “We believe Worldpay is a unique asset and the current interest from two US peers could also trigger the intention of parties like Google, Amazon, Apple,” say analysts at Mediobanca Securities.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nets valued at $4.5 billion in IPO

Nets valued at $4.5 billion in IPO

23 September 2016  |  5875 views  |  0 comments | 7 tweets | 3 linkedin
Nets files for IPO

Nets files for IPO

01 September 2016  |  6254 views  |  2 comments | 7 tweets | 1 linkedin
Worldpay seals biggest UK fintech IPO

Worldpay seals biggest UK fintech IPO

13 October 2015  |  14187 views  |  0 comments | 33 tweets | 25 linkedin
WorldPay to press ahead with IPO

WorldPay to press ahead with IPO

18 September 2015  |  7486 views  |  0 comments | 10 tweets | 8 linkedin
Wirecard bids for Worldpay - Bloomberg

Wirecard bids for Worldpay - Bloomberg

26 August 2015  |  9620 views  |  1 comments | 10 tweets | 8 linkedin

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.abe-eba.euvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
10491 views comments | 23 tweets | 39 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10302 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9142 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7619 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7479 views comments | 14 tweets | 15 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job