Nuvei Corp. (TSE:NVEI) has released an update.
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Nuvei Corp. is set to go private, offering shareholders a considerable cash premium of US$34.00 per share, a 56% increase over the most recent closing price before talks of the deal surfaced. The company’s board unanimously recommends that shareholders vote in favor of the proposed buyout by Advent International ahead of the June 14, 2024 deadline. The arrangement has also received an interim order from the Superior Court of Québec, endorsing the upcoming shareholder meeting to finalize the transaction.
For further insights into TSE:NVEI stock, check out TipRanks’ Stock Analysis page.
