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Fifth Third selling more Vantiv

Dec. 03, 2015 8:26 AM ETWorldpay, Inc. (WP) StockBy: Stephen Alpher, SA News Editor
  • Vantiv (VNTV) yesterday launched a secondary offering of 13.4M shares of stock owned by Fifth Third Bancorp (FITB), as the bank continues to wind down its stake.
  • In Q4, Fifth Third expects to book a gain of about $273M after-tax from this sale (and a number of transactions just ahead of it). After all of these deals, the bank will be an owner of about 18.3% of Vantiv.
  • Vantiv -2.3% premarket

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