Worldline is offering $8.6 bln in cash and shares for French rival Ingenico, creating the world’s fourth-biggest payments processor by revenue. But the rapid pursuit of scale risks leaving investors with dour returns, says CGAThompson:
Worldline announced on Feb. 3 an offer to buy French rival Ingenico in a deal which values the latter’s equity at 7.8 billion euros and creates what the companies said would be the fourth-biggest payments firm in the world by revenue.
There would also be a secondary exchange offer of 56 Worldline shares for every 29 Ingenico shares. Ingenico shareholders also have the option of receiving the 123.10 euros per share in cash.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How NFL linebacker and money pro Brandon Copeland learned to live on lessNFL linebacker Brandon Copeland of the New York Jets, a Wharton grad, says tracking your income and expenses is the first step in taking control of your finances.
Read more »
10 Bakery-Quality Desserts That Take 30 Minutes or LessWe're talking cookies & cakes that bake up in a flash.
Read more »
Amazon’s Best-Selling Work Dress Comes in 13 Different Colors and Is Less Than $25“I get compliments on it all the time”
Read more »
Pamela Anderson and Jon Peters Split Less Than Two Weeks After WeddingPamela Anderson and husband Jon Peters have split less than two weeks after tying the knot in a secret wedding — read more
Read more »
In Pictures: China is building two hospitals in less than two weeks to combat coronavirus.The Chinese city of Wuhan is scrambling to complete construction on two hospitals that will treat coronavirus victims, according to state media.
Read more »