Vantiv's is building scale and increasing customer switching costs via M&A.
Worldpay Group, a United Kingdom-based payment processing company, disclosed on July 5 that it has agreed to key terms of an acquisition offer from narrow-moat-rated Vantiv. The deal consists of GBP 0.55 in cash and 0.0672 shares of Vantiv stock for each Worldpay share, valuing the firm at approximately GBP 7.7 billion, or about $10 billion at current exchange rates. Complicating matters, Worldpay also announced that JPMorgan Chase had approached the firm. No details were given, but JPMorgan sai...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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