Nuvei to acquire SafeCharge for $889m.

Nuvei US, payments technology firm, to acquire SafeCharge International Group in an all-cash deal for $889m. The acquisition takes place in order to expand in the fast-growing electronic payments industry. SafeCharge shareholders would receive $5.55 in cash for each share held, representing a 25% premium to the stock’s closing price. "SafeCharge is the payment technology partner for the world's most demanding businesses. Nuvei is one of the leading providers of technology-driven payment solutions to merchants and technology and distribution partners, primarily in the United States and Canada. Both companies have built strong positions in the payment sector in their respective markets, with minimal geographic, customer or industry overlap," David Avgi, SafeCharge Chief Executive Officer.