Vertex Offers To Acquire E-Invoicing Firm Pagero For $555M, Aiming To Strengthen Global Tax Compliance Leadership
Portfolio Pulse from Benzinga Newsdesk
Vertex (VERX) has proposed to acquire e-invoicing company Pagero for $555 million to enhance its global tax compliance leadership. The offer includes a significant premium over Pagero's recent share prices and is financed in part by a strategic investment from Silver Lake. The acquisition aims to create a comprehensive global platform for customers to improve efficiency and comply with new mandates. The offer period is set to start around December 15, 2023, and end on January 23, 2024, with settlement expected around February 1, 2024, subject to regulatory approvals and tender of over 90% of Pagero's shares.
December 13, 2023 | 7:01 am
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POSITIVE IMPACT
Vertex's proposed acquisition of Pagero for $555M aims to solidify its position in global tax compliance and expand in international markets. The deal is expected to be accretive to Vertex's long-term growth.
The acquisition of Pagero is likely to be viewed positively by investors as it represents a strategic move to strengthen Vertex's market position in tax compliance. The premium offered for Pagero's shares suggests confidence in the value this acquisition will bring. The short-term impact on VERX stock could be positive due to the potential for growth and expansion in international markets. However, the final impact will depend on the successful closure of the deal and integration of Pagero.
CONFIDENCE 85
IMPORTANCE 90
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