M&A
confidence high
sentiment neutral
materiality 1.00
Paya Holdings completes merger with Nuvei at $9.75/share; delisting from Nasdaq
Paya Holdings Inc.
- Tender offer closed with 110,558,939 shares (83.49%) tendered; merger effective Feb 22, 2023.
- Each share not tendered converted to $9.75 cash; vested options and RSUs cashed out.
- All prior directors resigned; new board and officers from Nuvei (Philip Fayer CEO, David Schwartz CFO).
- Company to be delisted from Nasdaq and deregistered under Exchange Act.
- Credit agreement terminated and all advances repaid.