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Nuvei Wants to Buy SafeCharge

Privately held U.S.-based Nuvei has agreed to buy publicly traded U.K.-listed SafeCharge International in an all-cash deal valued at $889 million (£699 million). SafeCharge shareholders will receive $5.55 a share, a 41% premium above the SafeCharge three-month volume weighted stock price as of May 21, 2019. The deal is expected to be completed in the third quarter. Nuvei, previously known as Pivotal Payments, operates in the U.S. and Canada and maintains ecommerce connections in Europe, Australia, and New Zealand. It ranked 24th among merchant acquirers in the U.S. in 2018. Nuvei processed...

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June 2019
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