Latham Advises Independent Directors of the Board of First Data Corporation in Merger with Fiserv

New York-based M&A lawyers advised on the $22 billion all-stock deal.

January 16, 2019

Fiserv (NASDAQ: FISV) and First Data Corporation (NYSE: FDC) have announced that their boards of directors have unanimously approved a definitive merger agreement under which Fiserv will acquire First Data in an all-stock transaction. The transaction unites two premier companies to create one of the world’s leading payments and financial technology providers, and an enhanced value proposition for its clients. Under the terms of the agreement, First Data shareholders will receive a fixed exchange ratio of 0.303 Fiserv shares for each share of First Data common stock they own, for an equity value of $22 billion.

Latham & Watkins LLP represents the independent directors of the board of First Data in the transaction with a corporate deal team led by New York partner Peter Harwich and Orange County/New York partner Charles Ruck, with associate Allison Eitman.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.