Paysafe is potentially the target of a 590p per share (all cash) bid from a private equity consortium. Paysafe’s largest shareholder supports the bid, which must formally be made by 18 August. At the same time, Paysafe has announced the all-cash acquisition of a US payment processor for $470m. This reduces the group’s exposure to the gambling sector and strengthens its position in North America.
25 Jul 2017
Both target and bidder
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Both target and bidder
Paysafe Group (PAYS:LON) | 0 0 0.0% | Mkt Cap: 2,787m
- Published:
25 Jul 2017 -
Author:
Katherine Thompson -
Pages:
3
Paysafe is potentially the target of a 590p per share (all cash) bid from a private equity consortium. Paysafe’s largest shareholder supports the bid, which must formally be made by 18 August. At the same time, Paysafe has announced the all-cash acquisition of a US payment processor for $470m. This reduces the group’s exposure to the gambling sector and strengthens its position in North America.