Shift4 To Acquire Givex Corp., Global Provider Of Gift Card, Loyalty & Point-Of-Sale Solutions For CAD$200 Million, Or ~CAD$1.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Shift4 Payments, Inc. is set to acquire Givex Corp. for CAD$200 million, offering a 64% premium on Givex's 20-day VWAP. The all-cash transaction has been approved by Givex's board and major shareholders.
August 26, 2024 | 12:33 pm
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Shift4 Payments, Inc. is acquiring Givex Corp. for CAD$200 million, providing a strategic expansion in gift card, loyalty, and point-of-sale solutions.
The acquisition of Givex by Shift4 Payments is a strategic move to enhance its offerings in gift card, loyalty, and point-of-sale solutions. The 64% premium indicates a strong interest and potential value addition, likely boosting investor confidence in Shift4.
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IMPORTANCE 80
RELEVANCE 90