IPOX 100 U.S. (linked ETF: FPX) heavyweight First Data (FDC US) takeover by Fiserv (FISV US) at big premium
IPOX is pleased to note this mornings news about the takeover of IPOX 100 U.S. (ETF: FPX US) heavyweight USD billion 22 First Data (FDC US) by Financial technology provider Fiserve at 29.65% premium to Tuesdays close.
Private Equity-backed First Data (FDC US) is a substantial holding in the IPOX Indexes, including the IPOX 100 U.S. (ETF: FPX).
As of Tuesday’s close, the large-cap growth centric, FANG-free IPOX 100 U.S. is up +7.29% YTD, 316 more than the S&P 500 (SPX), benchmark for U.S. stocks.
This is already the 3rd IPO/Spin-off M&A deal YTD: Deal underlines the attractiveness of the IPOX universe for takeovers by large global corporations.