Fidelity National Information Services on March 18 agreed to buy Worldpay in a cash-and-share deal valuing the payments processor’s equity at $35 billion.
Worldpay shareholders will receive 0.9287 FIS shares and $11 in cash for each share. The deal implies an enterprise value of $43 billion, or 19.8 times the EBITDA analysts expect Worldpay to generate in 2019. FIS said it expected $400 million of annual cost savings in three years and $500 million of revenue synergies.
Source: News Formal (newsformal.com)
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