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WRDLY - Ingenico: The Acquisition By Worldline Is Happening At A Fair Price And Creates An Arbitration Opportunity
Worldline SA ADR
Introduction
It has been almost three years since I first looked at Ingenico (INGIF) (INGIY), when the company was trading at 80 EUR per share. And it has been a rough ride for Ingenico as less than 15 months ago, its share price dipped to the mid-40 EUR range, which I thought was a buying opportunity. In the past twelve months, Ingenico’s share price has more than recovered the lost ground and its excellent financial performance caught the attention of Worldline (WWLNF) (WRDLY), which