NZ's Pushpay hits 6-month high after confirming buyout talks

Sixth Street Specialty Lending

24/05/2022 04:36

** Shares of payment platform Pushpay Holdings  PPH.NZ 
climb as much as 21% to NZ$1.50, their highest since Nov 17
    ** Co says two existing shareholders, BGH Capital and Sixth
Street, have entered into a co-operation agreement with respect
to a potential transaction involving co  urn:newsml:reuters.com:*:nASX66WzY6
    ** Says it has not entered an agreement with any party,
including either BGH Capital and Sixth Street
    ** Adds it is in an early stage process with multiple
parties regarding a potential transaction
    ** Shares mark their biggest intraday gain since April 26
    ** ASX-listed shares of Pushpay  PPH.AX  rise as much as 17%
to A$1.31, highest since Dec 14, 2021
    ** As of last close, Pushpay stock down 6.1% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))