Nuvei shares are trading higher after the company announced it entered into an agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ at a price of $34 per share.
Portfolio Pulse from Benzinga Newsdesk
Nuvei's stock is trading higher following the announcement of an agreement for the company to be taken private by Advent International, in partnership with existing Canadian shareholders Philip Fayer, Novacap, and CDPQ, at a price of $34 per share.
April 01, 2024 | 4:50 pm
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POSITIVE IMPACT
Nuvei's agreement to go private at $34/share with Advent International and partners has led to a rise in its stock price.
The announcement of Nuvei being taken private at a premium price typically leads to a positive short-term reaction in the stock market as investors react to the immediate premium offered over the current trading price. This deal, involving significant players like Advent International and notable Canadian shareholders, underscores a strong vote of confidence in Nuvei's value, further fueling positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100