Streetbeat News

MECVF

mdf commerce inc

https://www.mediagrif.com/

CEO

Luc Filiatreault

Industry

Data Processing, Hosting, and Related Services

Open

4.25

Mkt cap

187M

Volume

200

High

4.25

P/E Ratio

-17.71

52-wk high

4.25

Low

4.25

Div yield

N/A

52-wk low

2.31

KKR & Co (NYSE:KKR) has agreed to acquire mdf commerce inc. (OTC:MECVF) for C$255 million in cash, representing a significant premium over the current and 52-week high share prices. The deal, expected to close in Q2 2024, aims to accelerate the expansion of mdf commerce's North American eProcurement platform, serving over 6,500 government agencies and 650,000 suppliers. KKR's investment is part of its Ascendant Strategy focusing on middle market businesses in North America.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 2:25 pm

Scotiabank analyst Kevin Krishnaratne has maintained a 'Sector Perform' rating on Mdf Commerce (OTC:MECVF) and raised the price target from C$3.5 to C$4.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 4:49 pm

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