Worldpay (WP) Alert: Johnson Fistel Investigates Proposed Sale of Worldpay, Inc.; Are Worldpay Shareholders Getting a Fair Deal?

PRNewswire 18-Mar-2019 7:56 AM

SAN DIEGO, March 18, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Worldpay, Inc. (NYSE:WP) ("Worldpay") breached their fiduciary duties in connection with the proposed sale of the Company to Fidelity National Information Services, Inc. (NYSE:FIS) ("Fidelity").

On March 18, 2019, Worldpay announced that it had signed a definitive merger agreement with Fidelity. Worldpay shareholders will be entitled to receive 0.9287 Fidelity shares and $11.00 in cash for each share of Worldpay, valuing the company at $112.12 per share based on Fidelity's stocks' Friday closing. However, shareholders will be subject to the future price fluctuation of Fidelity's stock price.,

The investigation concerns whether the Worldpay board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Worldpay shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future earnings and revenue growth, also one Wall Street analyst has a $138.00 price target on the stock. 

If you are a shareholder of Worldpay and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com 

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SOURCE Johnson Fistel, LLP