Thread regarding Fiserv Inc. layoffs

FISV Share Dilution?

Who is New Omaha??????

Fiserv, Inc. (NASDAQ: FISV) ("Fiserv" or the "company"), a leading global provider of payments and financial services technology solutions, announced today the pricing of the sale of 5,000,000 shares of the company’s common stock by New Omaha Holdings L.P. ("New Omaha"), which is owned by investment funds managed by Kohlberg Kravis Roberts & Co. L.P., at a price of $100.00 per share. Fiserv is not purchasing or selling any shares in, nor will it receive any proceeds from, the offering. New Omaha will receive all of the net proceeds from the offering.

The offering is expected to close on August 21, 2020, subject to customary closing conditions.

KKR Capital Markets LLC is acting as the sole bookrunner for the offering. BTIG, LLC is acting as the lead manager and settlement agent for the offering. Academy Securities, Inc., AmeriVet Securities, Inc., Bancroft Capital LLC, Blaylock Van, LLC, Cabrera Capital Markets LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Guzman & Company, Loop Capital Markets LLC, Mischler Financial Group, Inc., Samuel A. Ramirez & Company, Inc., R. Seelaus & Co., LLC, Roberts & Ryan Investments, Inc., Siebert Williams Shank & Co., LLC, Tesley Advisory Group LLC, and Tigress Financial Partners LLC are acting as co-managers for the offering.

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Post ID: @OP+16vCcoI2

10 replies (most recent on top)

Nothing to worry about. Only add 5M to existing 670M.

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Post ID: @3ijd+16vCcoI2

Barbarians at the gate. Look it up

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Post ID: @3ouk+16vCcoI2

I’m glad I sold this sorry a– stock too. KKR is bleeding it dry with these moves. Stripping it for parts

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Post ID: @3xsx+16vCcoI2

So, so glad I sold mine off back in January.

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Post ID: @2qlu+16vCcoI2

So fiserv just gave away $500 million to KKR? Kind of feels like the investors are cashing out now. Seems like a negative to long term stock price

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Post ID: @2wwv+16vCcoI2

So fiserv just gave away $500 million to KKR? Kind of feels like the investors are cashing out now. Seems like a negative to long term stock price

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Post ID: @2kgc+16vCcoI2

The stock is a dud. More synergy to come

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Post ID: @2dqg+16vCcoI2

https://www.businesswire.com/news/home/20200818005785/en/Fiserv-Announces-Pricing-Secondary-Offering-Common-Stock

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Post ID: @1zmr+16vCcoI2

New Omaha Holdings is a holding company KKR created when they purchased First Data. These shares would have been exchanged during the merger last year for the FDC stock they held. If KKR is willing to drop 5 million shares at $100 it means they do not believe the share price is going to recover in the next 12-18 months.

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Post ID: @1aez+16vCcoI2

Sounds like they owe them a favor....whoever they are.

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Post ID: @hsl+16vCcoI2

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