Fifth Third Sheds More Vantiv Stake: Sees $419M Gain in Q4
Fifth Third Bancorp FITB is set to record a pre-tax gain of around $419 million ( $273 million after tax) during the fourth quarter 2015, stemming from a transaction including sale of a large portion of Vantiv, Inc. VNTV shares and partial cancellation of warrant to purchase Vantiv shares. As the Ohio-based banking giant is gradually winding down its stake in Vantiv, a secondary offering of 13.4 million shares of Class A Common Stock of Vantiv has been initiated. […]