Nuvei Suspends Earnings Conference Calls And Outlook Due To Proposed Take-Private With Advent; Withdraws FY24 Financial Outlook And Medium And Long-Term Targets
Portfolio Pulse from Benzinga Newsdesk
Nuvei has announced the suspension of its earnings conference calls and financial outlook due to a proposed take-private transaction with Advent. The company has also withdrawn its FY24 financial outlook and medium and long-term targets.
May 07, 2024 | 9:26 pm
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Nuvei's decision to suspend earnings calls and withdraw financial outlooks due to the Advent take-private proposal could lead to increased volatility and uncertainty in its stock price.
The suspension of earnings calls and withdrawal of financial outlooks typically introduce uncertainty into the market, affecting investor confidence. This move, especially in the context of a significant corporate action like a take-private proposal, could lead to negative short-term price movements as investors reassess their positions based on the new, less predictable future of the company.
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