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News Breaks | | | | March 19, 2013 | | 12:24 EDT |  | FITB, VNTV | Fifth Third Bancorp announces new 100M share repurchase plan
Fifth Third (FITB) announced that its Board of Directors approved a new share repurchase authorization of up to 100M shares, which replaces the previous authorization from 2012 under which approximately 54M shares remain. Fifth Third's capital plan included potential common share repurchases of up to $984M through the first quarter of 2014, in addition to any incremental repurchases related to any after-tax gains from the sale of Vantiv (VNTV) stock. | |
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News For FITB;VNTV From The Last 14 Days Check below for free stories on FITB;VNTV the last two weeks. |
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| May 22, 2013 | | 09:27 EDT |  | VNTV | Vantiv management to meet with Deutsche Bank
 Subscribe for More Information | | | May 21, 2013 | | 09:07 EDT | | VNTV | Vantiv management to meet with Deutsche Bank
Subscribe for More Information | | | May 16, 2013 | | 08:33 EDT | | FITB | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 06:29 EDT |  | VNTV | Vantiv re-initiated with an Outperform at Credit Suisse
Subscribe for More Information | | | May 9, 2013 | | 12:29 EDT | | VNTV | Vantiv management to meet with Jefferies
Meeting to be held in New York on May 16 hosted by Jefferies. | | | May 8, 2013 | | 09:35 EDT | | FITB, VNTV | Fifth Third sees Q2 after-tax gain of $145M from Vantiv share sale
Fifth Third (FITB) announced that Vantiv (VNTV) recently priced a secondary offering of 38.6M shares of Class A Common Stock being sold on behalf of selling shareholders, including 15.6M shares being sold by Fifth Third. Additionally, Vantiv announced that it has entered into an agreement to repurchase 17.5M shares of the shares being sold by the selling shareholders in the offering. The combination of the sale and Vantiv’s repurchase of shares would result in an approximate 15% reduction in Fifth Third's ownership position in Vantiv, excluding warrants, the company said. Upon the settlement of this transaction, Fifth Third said it expects to recognize a pre-tax gain of approximately $225M, or approximately $145M after-tax, during Q2. Following the settlement, Fifth Third would have a remaining economic interest of approximately 28% of Vantiv’s future earnings, before consideration of the potential impact of an exercise of the underwriters’ overallotment option, it said. | | | 06:14 EDT |  | VNTV | Vantiv 38.6M share Secondary priced at $23.75
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