Worldpay Benefits From the Ongoing Increase in Electronic Payment Volumes
FIS has announced that it intends to merge with Worldpay in a $43 billion deal. This merger follows closely on the Fiserv and First Data combination and suggests that FIS didn’t want be left behind following its peers' big move. From the perspective of Worldpay shareholders, we like the deal. At current prices, the combination of FIS shares and cash offered equates to about $112 per share, which represents a healthy 20% premium to our $93 stand-alone fair value estimate. FIS stated it expects to...Worldpay is a holding company. Through its subsidiaries, the company provides electronic payment processing services to merchants and financial institutions. The company operates two segments: Merchant Services, which provides merchant acquiring and payment processing services to national merchants, regional and small-to-mid sized businesses; and Financial Institution Services, which provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving and network gateway and switching services that utilize the company's proprietary Jeanie debit payment network to a set of financial institutions.
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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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