LONDON — Shares in payment processing firm Worldpay jumped nearly 25% on Tuesday morning after it confirmed takeover approaches from JPMorgan Chase Bank and payment processing giant Vantiv.
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Shares in FTSE 100-listed Worldpay jumped nearly 25% after 2 takeover approaches
Shares opened higher on bid rumours and extended gains when Worldpay confirmed it had received an approach.
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Shares opened higher on bid rumours and extended gains when Worldpay's board confirmed two approaches in a statement.
The statement also warned "there can be no certainty either that an offer will be made nor as to the terms of any offer, if made."
Shares were up 23.94% at 10.32 a.m. BST (5.42 a.m. ET):
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Worldpay said the confirmation of the two bids had been made without the consent of JPMorgan or Vantiv, and said it would make a further announcement if appropriate.
The company was listed two years ago and is a constituent of the FTSE 100 index. It provides payment services for point of sale transactions, and internet and mail order retailers.
Danish card payment services firm Nets A/S also said over the weekend it had been approached by potential buyers.
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