NYSE:WP - New York Stock Exchange, Inc. -
GTCR is already on track to return a record $5 billion-plus to investors for a calendar year, people familiar with the matter said, at a time when peers are under pressure from clients who want their money back.
Discover why these fintech stocks to sell are likely to crash in July, and learn how market shifts could impact your investment strategy.
Banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. will host an investor call today for a $2.9 billion-equivalent bond sale to fund GTCR’s purchase of a majority stake in payment processor Worldpay Inc.
A group of banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched a $4.4 billion debt sale to fund GTCR’s purchase of a majority stake in payment processor Worldpay Inc., one of the most hotly anticipated deals in the leveraged finance market this year.
Investors are getting a preview of the $9.4 billion jumbo financing package behind the buyout of Worldpay Inc. as banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. drum up appetite before the official sale of the debt.
A group of banks led by JPMorgan Chase & Co. and Goldman Sachs Group Inc. are lining up around $9.4 billion of debt to back GTCR’s purchase of a majority stake in Worldpay Inc., in what would be the largest buyout financing in over a year.
Flutterwave, an Africa-focused fintech, raises $35M and will team up with Worldpay (WP) and Visa (V +1.6%) in an effort to expand across Africa.The San Francisco-based startup will become the African
Mentions: V
MYL – MYL leads the way today as the best performing large cap stock, closing up 12.57%.
Fiserv Inc. shares continued their rally on Friday, after the financial-technology company suggested that its synergy targets for its pending deal with First...
Lisa Ellis of MoffettNathanson tells TheStreet that 'unglamorous' FIS should rise following its impending acquisition of WorldPay.
NOK – NOK leads the way today as the best performing large cap stock, closing up 10.04%.
Once-sleepy Fiserv Inc. has become the top short play among payments and data-processing companies in the months since it announced an all-stock deal for...
Mentions: ACIW
If you haven’t invested yet, then I strongly encourage you begin investing now so you don’t miss out on the big gains ahead. Here's why.
Gainers Altimmune, Inc. (NASDAQ: ALT) rose 19% to $2.95 in pre-market trading after the company announced to acquire Spitfire Pharma, which will add a NASH drug candidate to the...
SWKS – SWKS leads the way today as the best performing large cap stock, closing up 6.00%.
The European Commission is expected to grant the financial services company regulatory approval for its $35 billion purchase of payments company Worldpay, a report says.
U.S. financial services provider Fidelity National Information Services Inc (FIS) is set to gain unconditional antitrust approval from the European Union for its $35 billion bid for payments company Worldpay , people familiar with the matter said on Monday.
EU antitrust regulators are set to approve without conditions a $35 billion bid by U.S. financial services provider Fidelity National Information Services Inc (FIS) for payments company Worldpay , people familiar with the matter said on Monday.
MTCH – MTCH leads the way today as the best performing large cap stock, closing up 7.02%.
SE – SE leads the way today as the best performing large cap stock, closing up 6.66%.
Mentions: VNTV
It’s been a while since dealmaking activity at the start of the week was busy enough to merit the use of a Wall Street cliche: Merger Monday.
The Global Payments-TSS merger continues fintech consolidation. TSS stock rose on the $21.5 billion deal. Global Payments stock slipped.
Electronic payment technology company Global Payments formally announces it will buy credit card transaction firm Total System Services in an all-stock deal, marking the third big merger in the electronic payments industry this year.
Nomura warns of a potential culture clash after reports of another possible merger in the payments industry.
Square stock is likely to continue struggling unless SQ obtains a banking license. If CEO Jack Dorsey gets that, SQ stock can rally.
Global Payments Inc. has held talks with Total System Services Inc. about a potential deal, according to people familiar with the matter, in what could be the third mega-merger in the payments industry this year.
Quarterly reports submitted to the Securities and Exchange Commission show hedge funds achieved an average return of 8% in the first quarter, according to Goldman Sachs research.
There are many emerging fintech company stocks to buy and watch. That’s because digital payment technology is changing the competitive landscape.
Bank of America Corp. is about to decide just how big it wants to be in payments.
Worldpay Inc (WP – Research Report) received a Hold rating and a $119 price target from Cantor Fitzgerald analyst Joseph Foresi today. The company’s shares closed yesterday at $119.33, close to its 52-week high of $119.36. Foresi noted: “: We lower our rating to Neutral from Overweight rating given the pending merger and raise our