FISV - Fiserv: Creating A Payment Giant With The First Data Purchase
Fiserv (FISV) is a payment provider which is not that well known to the general public. The announcement of a mega deal warrants an update on the company and the combination being created in the very large deal which the business made with First Data Corp. (FDC).
Investors initially acted reserved to the deal, but the promise of large synergies make the deal worthwhile, although quite some confusion has arisen (in my eyes) with regards to those synergies. Given the full pro-forma valuation, >3 times leverages ratio, I am happy