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Buyout Deal

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business1 year ago•1 min saved

Nuvei, Backed by Ryan Reynolds, Nears Buyout Deal with Advent: WSJ

Nuvei Corp, a Canadian payments processor backed by actor Ryan Reynolds, is in advanced talks with private equity firm Advent International for a buyout. The deal, which could be announced soon, may still fall apart. Nuvei, which provides payments services to the sports betting industry, has a market capitalization of C$4.1 billion ($3 billion) and its shares have declined 49% over the past year. After Reynolds invested in Nuvei last April, Spruce Point Capital Management published a critical report on the payments firm, questioning its $1.3 billion acquisition of payments platform Paya Holdings Inc.

via Yahoo Finance|

#advent-international #business #buyout-deal

business2 years ago•1 min saved

Macy's receives $5.8 billion buyout offer, shares surge

Shares of US department store Macy's have surged on hopes of a $5.8bn buyout deal, as an investor group has offered to pay $21 for each share of the retailer that they do not already own. Macy's, which operates more than 720 stores in the US, has faced years of struggle due to declining sales, increased competition, and store closures. The offer values the firm's shares about 20% more than their previous worth, and reports of the deal have also boosted shares of rivals such as Kohl's and Nordstrom.

via BBC.com|

#business #buyout-deal #department-store