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Wordpay : Another 0.5 figure upside thanks to the potential make-whole
The US-based payment services group FIS (Baa2/BBB) and Worldpay (Ba2 cw pos/BB+ nég) announced yesterday that they have entered into a definitive merger agreement. At the closing, under the terms of the agreement, Worldpay shareholders will be entitled to receive 0.9287 FIS shares and USD 11.00 in cash for each share of Worldpay, equivalent to USD 112.12 per share in total (90% stock / 10% cash merger, which is fairly credit-friendly overall). Upon closing, FIS shareholders will ...
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Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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