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Vantiv Inc Completes Acquisition of Litle & Co


Monday, 3 Dec 2012 08:42am EST 

Vantiv Inc announced that it has completed its acquisition of Litle & Co., an independent eCommerce payment processor, providing a fully-integrated payments solution for companies that sell goods and services to consumers over the internet and through direct response marketing. The combined company will offer merchants a one-stop suite of Point-of-Sale, eCommerce and Direct Response payment processing solutions. Under the terms of the agreement, Vantiv paid $361 million in cash, including $50 million drawn from its existing revolving credit facility. Litle & Co. will operate as a subsidiary of Vantiv, LLC and will maintain its location in Lowell, Massachusetts. Vantiv is headquartered in Cincinnati, Ohio. 

Company Quote

34.31
0.24 +0.70%
3:45pm EDT