Fifth Third Bancorp Announces Expected Impact of Vantiv Share Sale

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posted:12/7/2012
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Description: CINCINNATI--(BUSINESS WIRE)--Vantiv, Inc. (NYSE: VNTV) recently priced a secondary offering of 12,454,545 shares of Class A Common Stock being sold on behalf of Fifth Third (Nasdaq: FITB). This sale would represent approximately 15 percent of our ownership position in Vantiv (excluding the warrant noted below). As previously communicated, our purpose in the sale is to begin the process of monetizing the remaining portion of our stake in Vantiv in a considered, orderly fashion over time. Upon the a style='font-si
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