Worldpay shareholders should decline its meek merger deal | Nils Pratley

Card processing firm’s proposed merger with US rival Vantiv is not the knock-out offer this healthy business deservesSir Mike Rake, the chairman of Worldpay, should go back to the drawing board. His first attempt to sell the FTSE 100 card processing company deserves to be declined by his own shareholders.On Tuesday, when Worldpay revealed it had received takeover approaches, City analysts speculated the bidding could go as high as 500p a share. This, after all, is supposed to be a rock sol