Potential Bidders for Moneris U.S. Unit Include Vantiv, First Data -Bloomberg
06 Juli 2016 - 8:31PM
Dow Jones News
Vantiv Inc. (VNTV), First Data Corp. (FDC), Warburg Pincus and
other parties are interested in buying the U.S. unit of Canadian
debit- and credit-card processor Moneris Solutions Corp., Bloomberg
News reported Wednesday.
Moneris Solutions is a joint venture of Royal Bank of Canada
(RY, RY.T) and Bank of Montreal (BMO, BMO.T).
Citing people familiar with the matter, Bloomberg reported that
the U.S. business could be worth up to $600 million.
Full story at
http://www.bloomberg.com/news/articles/2016-07-06/vantiv-warburg-said-to-pursue-rbc-and-bmo-s-u-s-payments-unit
Write to nymonitoring@dowjones.com
(END) Dow Jones Newswires
July 06, 2016 14:16 ET (18:16 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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