- 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