Nuvei stock was trading sharply higher Monday after a report said the Canadian payments processor was close to a buyout deal.
The Wall Street Journal reported Saturday that Nuvei, which is backed by actor Ryan Reynolds, was in talks with private-equity firm Advent International about a buyout and that a deal could be announced soon. The report cited people familiar with the matter.
Nuvei…
stock was trading sharply higher Monday after a report said the Canadian payments processor was close to a buyout deal.
The Wall Street Journal reported Saturday that
Nuvei
,
which is backed by actor Ryan Reynolds, was in talks with private-equity firm Advent International about a buyout and that a deal could be announced soon. The report cited people familiar with the matter.
Nuvei said Sunday that its board formed a special committee to evaluate and consider “such expressions of interest.”
“The Company further confirms that it is engaged in discussions with certain third parties in connection with a potential transaction involving continued significant ownership by certain of the holders of multiple voting shares, including Phil Fayer, Nuvei’s founder, Chair and Chief Executive Officer,” the release reads.
Nuvei shares were rising 25% to $27.05 on Monday. The
rose 1%.
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Write to Emily Dattilo at emily.dattilo@dowjones.com