Key facts The combined company will have approximately $12.3 billion pro forma 2018 annual revenue Accelerates FIS’ organic revenue growth outlook to 6 percent to 9 percent through 2021 Anticipates $500 million of revenue synergies, $400 million of run-rate expense synergies and nearly $4.5 billion of free cash flow in three years; driving significant value for our shareholders Best-in-class capabilities serving high-growth eCommerce industry Combines a global leader in modern financial institutions solutions with a global leader in eCommerce and payments innovation Gary Norcross to remain chairman of the board of directors, president and CEO; Charles Drucker to become executive vice chairman of the board of directors Companies to host joint announcement call March 18, 2019 at 8:30 a.m. (EDT) JACKSONVILLE, Fla. and CINCINNATI, March 18, 2019 – FIS™ (NYSE: FIS), a global leader in financial services technology, and Worldpay, Inc. (NYSE: WP; LSE: WPY), a global leader in eCommerce and payments, announce that they have entered into a definitive merger agreement. This combination greatly expands FIS’ capabilities by enhancing its acquiring and payment offerings and significantly increases Worldpay’s distribution footprint, accelerating its entry into new geographies. Upon closing, the combined company will be positioned to offer best-in-class enterprise banking, payments,… continue reading
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Source: CTRM Center