Shares in FTSE 100-listed Worldpay jumped nearly 25% after 2 takeover approaches

pulse

July 4, 2017 11:02 AM

Shares opened higher on bid rumours and extended gains when Worldpay confirmed it had received an approach.

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.

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):

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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