Vantiv, Inc. (NYSE:VNTV) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 Completion of Acquisition or Disposition of Assets.
Vantiv, Inc. (NYSE:VNTV) Files An 8-K Completion of Acquisition or Disposition of Assets
Effective December 21, 2016, Vantiv, Inc. (the “Company”) completed its previously announced acquisition of Moneris Solutions, Inc. (“Moneris U.S.A.”) to a Purchase and Sale Agreement, dated as of November 10, 2016 (the “Transaction Agreement”) by and among National Processing Company (“National Processing”), a majority-owned subsidiary of the Company; Moneris Solutions Corporation (“Seller”), the owner of all of the issued and outstanding equity interests of Moneris U.S.A.; and Vantiv, LLC, a majority-owned subsidiary of the Company, as guarantor of National Processing’s obligations under the Transaction Agreement.
At the closing, National Processing purchased from Seller all of the issued and outstanding shares of Moneris U.S.A. for $429,600,000 in cash.
The foregoing description of the Transaction Agreement does not purport to be complete and is qualified in its entirety by reference to the Transaction Agreement, which will be filed with the Company’s next periodic report.
About Vantiv, Inc. (NYSE:VNTV)
Vantiv, Inc. (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services. The Company offers payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point-of-sale, e-commerce and mobile devices. Its value-added services include security solutions and fraud management, information solutions, and interchange management. It also provide critical payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving, and network gateway and switching services. Vantiv, Inc. (NYSE:VNTV) Recent Trading Information
Vantiv, Inc. (NYSE:VNTV) closed its last trading session up +0.83 at 59.31 with 553,577 shares trading hands.
Vantiv, Inc. (Vantiv) is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company is a payment processor, merchant acquirer and personal identification number (PIN) debit acquirer. The Company operates through two segments: Merchant Services and Financial Institution Services. The Company offers payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point-of-sale, e-commerce and mobile devices. Its value-added services include security solutions and fraud management, information solutions, and interchange management. It also provide critical payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving, and network gateway and switching services. Vantiv, Inc. (NYSE:VNTV) Recent Trading Information
Vantiv, Inc. (NYSE:VNTV) closed its last trading session up +0.83 at 59.31 with 553,577 shares trading hands.
