Shares Of Fidelity National Information Services Up 6% Premarket After Financial Times Reported Friday PE Firms Seeking To Take Majority Stake In Worldpay
Portfolio Pulse from Charles Gross
Shares of Fidelity National Information Services (FIS) rose by 6% in premarket trading following a report by the Financial Times that private equity firms are looking to acquire a majority stake in Worldpay, a subsidiary of FIS.
July 03, 2023 | 10:45 am
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POSITIVE IMPACT
FIS's stock price rose by 6% in premarket trading due to news of potential acquisition of a majority stake in its subsidiary, Worldpay, by private equity firms.
The news of potential acquisition of a majority stake in Worldpay by private equity firms has created a positive sentiment among investors, leading to a rise in FIS's stock price. This is because such an acquisition could potentially bring in significant capital for FIS, thereby strengthening its financial position.
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