Givex (TSX:GIVX) has finalized an agreement with Shift4 Payments (NYSE:FOUR) to be acquired by Shift4 in a transaction valued at C$200 million. The deal entails that Givex shareholders will receive $1.50 in cash for each share they hold. The transaction is anticipated to be completed by November 2024.
Upon the completion of a thorough review by a special committee consisting of independent directors of Givex, the company’s board of directors has unanimously endorsed the transaction and encouraged shareholders to vote in favor of it. The agreement includes standard representations, warranties, and deal protection provisions, such as those pertaining to non-solicitation of alternative transactions.
With a history spanning back to 1999, Givex specializes in providing technology solutions and boasts a global presence across more than 100 countries. As a leading provider of software and payment processing solutions in the United States, Shift4 Payments offers omnichannel card acceptance and processing solutions across various payment types.
The stock price of Givex Corp. (TSX:GIVX) has surged by 50.52% to C$1.46 as of 1 pm ET. Conversely, shares of Shift4 Payments Inc. (NYSE:FOUR) are down by 0.14% at US$81.02 during the same timeframe.
For more insights and discussions about these companies, investors can visit Givex Corp. Bullboard and Shift4 Payments Inc. Bullboard forums on Stockhouse’s stock forums and message boards. Please note that the information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to review the full disclaimer information provided.
