Fifth Third to record $85M pre-tax gain on Vantiv stake sale

|About: Fifth Third Bancorp (FITB)|By:, SA News Editor

Fifth Third (FITB) says it expects to book a pre-tax gain of around $85M during Q3 after selling 5M shares of Vantiv (VNTV).

Once the transaction settles, FITB will still own 48.8M Class B shares and a warrant to acquire more common shares for a total economic interest amounting to 25.1% of VNTV's future earnings. (PR)