However, the USA suitor is keen to flag the merger with its British target in a positive light, and not just another American swoop for United Kingdom company in light of a lower post-Brexit pound sterling.
In a legal filing with the US Securities Exchange Commission, Vantiv said it will pay $10.4 billion to acquire Worldpay, and upon completion, the combined company will take on the Worldpay moniker. Wordplay also raised its interim dividend by 23% from previous year to 0.80p for the first six months of 2017.
Assuming the deal passes shareholder and regulatory approval, which is expected sometime in early 2018, 43 percent of the new company will be owned by existing Worldpay shareholders and 57 percent by Vantiv shareholders.
"This is a powerful combination that is strategically compelling for both companies", added Vantiv CEO and president Charles Drucker.
"It joins two highly complementary businesses, and will allow us to achieve even more together than either organisation could accomplish on its own". Philip Jansen, the Worldpay chief executive, will be co-chief executive reporting to Mr... The board will consist of five Worldpay directors and eight Vantiv directors.
Jansen said: "The growth of eCommerce and the way consumers expect to transact is increasing complexity for businesses around the world". This represents a premium of 34% over Worldpay's six-month volume weighted average price. Paysafe Group last week was agreed to be bought by Blackstone Group and CVC Capital Partners for $3.9 billion, while several buyout firms are considering bids for Danish payment-services company Nets A/S. Underlying earnings rose by 14% from the same period past year, on an 18% rise in revenue.
Alongside the announcement, Worldpay reported its first half results.
Worldpay said "positive discussions" are continuing between the two companies as they thrash out the final details.
Atomic bombing of Nagasaki remembered
President Donald Trump said North Korean missile strike threats would be met "with fire and fury like the world has never seen". Abe, in a speech that was nearly a repeat of what he said in Hiroshima, did not mention the United Nations nuclear ban treaty.
Here's how solar power will handle the eclipse
The 18-seat cafe - which had its grand opening last August 21 - is named for this eclipse and the one coming up in 2024. Specially made solar glasses or a number 14 or darker welder's glass are among the safest methods for direct viewing.
John Mayer pays tribute to Glen Campbell on Nashville stage
He drank heavily, used drugs and indulged in a turbulent relationship with country singer Tanya Tucker in the early 1980s . It was certainly appropriate for Glen Campbell to continue to share his music with the world despite Alzheimer's.
Maratha Kranti Morcha rally hits normal life in Mumbai
Also seen in the protest were Maratha leaders from the Congress, like former Chief Minister Ashok Chavan and Bhai Jagtap. Maratha Kranti Morchas are being held since a year across Maharashtra but Mumbai's rally garnered much attention.
LeBron James takes to Twitter asking for a pick-up game
But with David Griffin offering inside information, it looks like Irving thinks he can be happier somewhere else. Cleveland made it to the Finals for the third-straight season where they lost to Golden State in five games.
World Track and Field Championships Hit by Vomiting Bug
The Botswana star is the biggest threat to IAAF golden boy Wayde van Niekerk claiming world title glory at London 2017. The decision was blasted by sprint legend Michael Johnson, who claimed the IAAF have lost control of the situation.