Richard Drew | AP
A banner for First Data Corp. adorns the facade of the New York Stock Exchange, to mark the company’s IPO, Thursday, Oct. 15, 2015.
Under the terms of the agreement, First Data shareholders will receive 0.303 Fiserv shares for each share of First Data common stock. This represents $22.74 based on closing prices as of January 15, and a premium of 29 percent to the five-day volume weighted average price as of that date.
Following the close of the deal, Fiserv shareholders will own 57.5 percent of the combined company, and First Data shareholders will own 42.5 percent.
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