M&A
confidence high
sentiment neutral
materiality 0.75
CEO-led group proposes to take Priority Technology private at $6.00-$6.15/share
Priority Technology Holdings, Inc.
- Thomas Priore (Chairman & CEO) leads investor group proposing buyout of remaining shares for $6.00-$6.15 cash per share.
- Priore already owns ~58% of outstanding common stock; proposal is to acquire the remaining ~42% not held by him.
- Proposal is preliminary and non-binding; the Company's board will review but no assurance of any agreement.
- Shareholders do not need to take any action at this time; no further comments unless disclosure is appropriate.