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Worldpay shares surge on takeover approach


Shares in the payments processing firm Worldpay have jumped 15% after the company said it had received a takeover approach.Its shares had opened higher on bid rumours, and Worldpay later confirmed it had received preliminary approaches from Vantiv and JPMorgan Chase Bank.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 joined the London Stock Exchange two years ago and it is a member of the FTSE 100 index of the UK’s largest listed companies.It is the second time in days a payment processor has become a bid target. Over the weekend Danish card payment services company Nets A/S said it had been approached by potential buyers.”This is one of the most intriguing sub-sectors in the financials space,” said Angelo Meda, head of equities at Banor Capital.”There are a lot of companies still, and we are probably going to have only one or two big leaders in the payments space.”
Source: BBC