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Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.
May 8 -
Fifth Third said it expects to recognize a pretax gain of roughly $140 million in the fourth quarter from the sale of 12.4 million shares of common stock in Vantiv.
December 7 -
Fifth Third Bancorp (FITB) expects to gain up to $71 million from the initial public offering of payment processor, Vantiv (VNTV).
March 22 -
Fifth Third, Huntington and KeyCorp all meet or beat earnings estimates, but in conference calls with analysts Thursday their executives were cautious about their growth prospects for the second half of the year.
July 18 -
Fifth Third Bancorp in Cincinnati is planning to issue approximately $655 million of common stock as part of a share conversion.
June 12
Fifth Third (FITB) in Cincinnati is selling $85 million worth of shares of Vantiv, its former subsidiary.
The sale would reduce the $119 billion-asset company's ownership stake in Vantiv by 9%, to roughly 25%, it announced Friday. Fifth Third expects to record an after-tax profit of approximately $55 million from the sale in the third quarter, it said.
Fifth Third has been gradually selling its stake in the payments processor, formerly Fifth Third Processing. It sold
As of June 30, Fifth Third's stake in Vantiv was worth approximately $448 million, it said. Fifth Third's sale of approximately 5 million shares is part of a secondary offering of 20 million shares.
