Hints and tips:
...In February, Worldline agreed to buy rival Ingenico for €7.8bn....
...Blackstone sells Rothesay stake for £2.1bn (FT) Nikola postpones showcase as it tries to win back confidence (FT) Singapore shuts down Wirecard’s payment operations (FT) EU approves Worldline purchase of Ingenico...
...Last week Worldpay agreed to buy Ingenico, its fellow French payments company, for $7.8bn....
...Ingenico declined to comment....
...Ingenico investors appeared to welcome the rejection of its bid — pushing the company’s shares up 9 per cent on Friday morning....
...Including about £1.4bn of net debt, the company is expected to have an enterprise value of £6.3bn, which is close to the value placed on it by the offer from its French rival Ingenico that was rejected last...
...FT FYI Instagram to ramp up efforts to lure small businesses Ingenico targets mobile payments to challenge WorldPay Lex – Intuit: Tax doesn’t have to be taxing Jawbone value drops by more than half on...
...Ingenico, a French provider of transaction terminals, is developing something similar. Salvation Army bell-ringers in a number of cities across the US used Square to take donations last Christmas....
...However, the traditional players aren’t standing still: Ingenico are already working on their own iPad attachment and Verifone is working with Google Wallet, an NFC-based mobile payments service....
...Ingenico had been in talks for several months with potential buyers, including private equity groups Bain Capital and Blackstone....
...The option of a sale of Safran’s shares also looks improbable insofar as it would make Ingenico vulnerable (which is not what the government seems to want)....
...Earlier this week, Safran, the biggest shareholder in Ingenico, which is 30 per cent owned by the French government, opposed a $1.9bn takeover offer from Danaher of the US....
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