bullish

Paysafe

Formal bid made at 590p

83 Views09 Aug 2017 16:32
Issuer-paid
SUMMARY

Paysafe has confirmed that the Blackstone/CVC consortium has made a formal bid for the company at 590p per share (all cash). The board is recommending the offer, which should complete in Q417 if approved by shareholders and all other regulatory requirements are met. The disposal of the Asia Gateway business for up to $308m has also been agreed, and is anticipated to complete on the same day.

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