trending Market Intelligence /marketintelligence/en/news-insights/trending/gyxx_7BRs-shw6ZcRu2u6Q2 content esgSubNav
In This List

Visa payment processing unit offers to acquire Earthport for £198M

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Kensho Launches Word Error Rate Calculator

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Bank failures: The importance of liquidity and funding data


Visa payment processing unit offers to acquire Earthport for £198M

Visa Inc. payment processing unit Visa International Service Association, or Bidco, has offered to acquire U.K.-based Earthport PLC for £198 million.

Bidco has offered 30 pence per share in the U.K.-based payment processing company. The offer price is a near 250% increase to the 6-month volume weighted average price of 8.6 pence per Earthport share as of Dec. 24. The price also represents an increase of 50% to the placing share price of 20 pence per Earthport share as of Oct. 4, 2017.

Earthport considered Visa's proposal to be "fair and reasonable" and said it would recommend that its shareholders accept the all-cash offer.

Rothschild & Co is advising Earthport on the deal and Goldman Sachs is advising Visa.