|
|
News Breaks | | | | November 30, 2012 | | 17:29 EDT |  | VNTV | Vantiv files to sell 10.55M shares of Class A common stock for holders
J.P. Morgan and Credit Suisse Securities are the underwriters of the offering. | |
|
News For VNTV From The Last 14 Days Check below for free stories on VNTV the last two weeks. |
|
|
| May 21, 2013 | | 09:07 EDT |  | VNTV | Vantiv management to meet with Deutsche Bank
 Subscribe for More Information | | | May 16, 2013 | | 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 |  | 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
Subscribe for More Information | |
|
|
|
|
|
|
