Nuvei Shareholders Approval Going Private Transaction With Advent
Portfolio Pulse from Benzinga Newsdesk
Nuvei Corporation's shareholders have approved a plan for the company to go private through a transaction with Advent International. The deal involves the acquisition of all outstanding shares for $34.00 per share in cash, except for shares held by key stakeholders who will receive a combination of cash and shares in the new private entity.
June 18, 2024 | 4:06 pm
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Nuvei Corporation's shareholders have approved a plan to go private through a transaction with Advent International. The deal involves the acquisition of all outstanding shares for $34.00 per share in cash, except for shares held by key stakeholders who will receive a combination of cash and shares in the new private entity.
The approval of the going-private transaction is likely to positively impact Nuvei's stock price in the short term as shareholders will receive a premium of $34.00 per share. This provides a clear exit strategy and value realization for current shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100