Canada's Nuvei to buy U.S. payments firm Paya in $1.3 bln deal (updated)

Nuvei

09/01/2023 12:04

(Adds background, share price)
       Jan 9 (Reuters) - Canadian fintech company Nuvei Corp
 NVEI.TO  has agreed to buy U.S. payments technology platform
Paya Holdings Inc  PAYA.O  in a deal valued at $1.3 billion, the
companies said on Monday.
    The deal will expand Nuvei's footprint in the United States
as it seeks to build out its payments technology to cater to
business-to-business customers.
    The deal value of $9.75 per share marks a 25% premium to
Paya's last close.
    Paya's shares were up nearly 23% at $9.57 in premarket
trading on Monday.
 (Reporting by Niket Nishant in Bengaluru; Editing by Shounak
Dasgupta)
 ((Niket.Nishant@thomsonreuters.com))