Announced
Financials
Sources
RNS Announcement
SafeCharge International Group -
Press Release
RNS -
Offer Update
Nuvei Technologies -
Update of financing arrangements
Nuvei Technologies -
Receipt of FCA Change in Control Approval
SafeCharge International Group -
CBC Approval, Court Hearing Date & Timetable
SafeCharge International Group -
Rule 19.6(c) announcement
Nuvei Technologies -
Tags
Acquisition
network payment
Natural
United Kingdom
Financial Data and Systems
Pending
Single Bidder
Majority
Cross Border
Public
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.