Vantiv stakeholders officially approve Worldpay purchase
At a special meeting, stockholders of Vantiv Inc. voted to approve all proposals necessary for Vantiv to acquire Worldpay Group PLC and create Worldpay Inc.
"We are pleased that Vantiv stockholders have approved this transaction," said Charles Drucker, Vantiv president and CEO and incoming WorldPay Inc. executive chairman and co-CEO. "The strong support of our stockholders demonstrates their confidence in the compelling strategic and operational fit of Vantiv and Worldpay and our vision for the future. Together, Vantiv and Worldpay are creating a global payments company uniquely equipped to compete across geographies and verticals."
Vantiv expects the transaction to close on Jan. 16 following U.K. court approval.
Upon closing, the company's class A common stock will trade on the New York Stock Exchange under the symbol "WP" and on the London Stock Exchange via a standard listing under the symbol "WPY."
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