A takeover swoop from an American payments technology group sent shares in Safecharge International up by more than 20 per cent yesterday. Nuvei Corporation, based in Texas, said that it would buy the British online payments company in an all-cash deal valued at $889 million. Safecharge shareholders will receive $5.55 (436p) in cash for each share held, representing a 25 per cent premium to the stock’s closing price on Tuesday. Safecharge said that shareholders also would receive the previously confirmed final dividend of 7.22p per share. The British group’s payment processing platform is used by companies such as Paddy Power Betfair and Domino’s Pizza.
Source: The Times May 22, 2019 23:02 UTC