Deal Logic First Data Corp / Fiserv Inc
- Fiserv (NASDAQ: FISV) and First Data Corporation (NYSE: FDC) coannounced on Jan 16th an unanimous merger agreement under which Fiserv would acquire First Data in a pure-stock transaction. The merger would combine two well-established Fintech companies into one giant. For each share of First Data, a fixed exchange ratio of 0.303 Fiserv shares is agreed, for a total equity value of USD 22bn. After the close of the transaction, Fiserv shareholders will own 57.5% of the new combined company, and First Data shareholders will own 42.5% on a fully diluted basis. The pure stock transaction is intended to be tax-free to First Data shareholders. The transaction is slated to close in the second half of the year, subject to shareholder and regulatory approval.
Author: | Mengyao Zhang, Julius Fuhrmann, Johannes Fink |
---|---|
URN: | urn:nbn:de:hbz:992-opus4-7627 |
URL: | https://www.whufinancesociety.com/deal-logic |
Series (Serial Number): | Deal Logic (2019-03-15) |
Publisher: | WHU Finance Society e. V. |
Place of publication: | Vallendar |
Document Type: | Part of Periodical |
Language: | English |
Date of Publication (online): | 2019/03/15 |
Date of first Publication: | 2019/03/15 |
Publishing Institution: | WHU Finance Society e. V. |
Release Date: | 2019/12/10 |
Tag: | Firmenfusion; First Data Corp; Fiserv Inc Company merger; First Data Corp; Fiserv Inc |
Volume: | 2019 |
Issue: | 03-15 |
Page Number: | 6 |
Licence (German): | Copyright for this publication |