Payment processor Vantiv Inc said it would purchase Mercury Payment Systems LLC for about $1.65 billion from private equity firm Silver Lake Group LLC. Vantiv said it expects the deal to modestly add to its adjusted per-share earnings in 2014.
Vantiv, Inc., formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (Vantiv Holding) and Transactive Ecommerce Solutions Inc. Shares of VNTV traded higher by 3.11% or $0.9/share to $29.82. In the past year, the shares have traded as low as $23.97 and as high as $34.42. On average, 1599000 shares of VNTV exchange hands on a given day and today's volume is recorded at 3562254.
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