Paya Holdings soars after $1.3 bln buyout deal from Nuvei

Nuvei

09/01/2023 15:13

(Updates)
    ** Shares of U.S. payments technology platform Paya Holdings
Inc  PAYA.O  jump 24.5% to $9.70 
    ** Stock hits highest in more than a year
    ** Canadian fintech company Nuvei Corp  NVEI.TO  to acquire
PAYA for $1.3 bln
    ** Transaction is expected to be accretive to adjusted EPS
in 2023 - Nuvei
    ** Deal value of $9.75/shr marks a 25% premium to Paya's
last close
    ** Stock gained 24.1% in 2022
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))