Worldline agrees to buy Ingenico and create new European payments leader

Worldline's $8.7 billion Ingenico deal to create European payments leader

), in a deal which the companies said would create the fourth-biggest payments company in the world and a new European champion in the sector.

The two companies said in a joint statement that Ingenico shareholders would receive 11 Worldline shares and 160.5 euros in cash for 7 Ingenico shares, with a mix and match mechanism. They added that the deal gave Ingenico an implied equity value of 7.8 billion euros and would be immediately accretive to earnings per share.

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