Nuvei Corp (TSE:NVEI) has released an update.
Institutional Shareholder Services (ISS) has endorsed the arrangement for Nuvei Corp to be acquired by Neon Maple Purchaser Inc., advising shareholders to vote in favor of the US$34.00 per share cash acquisition before the June 14, 2024 deadline. The board of Nuvei, along with a special independent committee, unanimously recommends approval of the deal, citing a significant premium and potential risks if the deal falls through. Shareholders are set to decide in a virtual meeting scheduled for June 18, 2024.
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