51% Share Price Increase Announced
- Givex shares rise on C$200M sale to Shift4 Payments
- Deal has an equity value of $148.1 million
- Shares traded 51% higher at C$1.46
- Canadian company’s shareholders to receive C$1.50 per share
- Premium of 64% over 20-day volume-weighted average price
- Transaction expected to close in November
Givex shares surged Monday morning following the announcement of a deal to be acquired by U.S.-based payment processing company, Shift4 Payments, in a transaction valued at C$200 million ($148.1 million). The Canadian cloud-based operations management firm’s shareholders will receive C$1.50 per share, representing a 64% premium over the 20-day volume-weighted average price. The deal is expected to close in November.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Givex’s acquisition by Shift4 Payments, including the deal value, shareholder payout, and expected closing date.
Noise Level: 3
Noise Justification: The article provides relevant information about a business deal and its impact on the company’s share price but lacks analysis or context beyond basic reporting.
Public Companies: Givex (null), Shift4 Payments (null)
Key People: Adriano Marchese (Author)
Financial Relevance: Yes
Financial Markets Impacted: Givex and Shift4 Payments
Financial Rating Justification: The article discusses the acquisition of Givex by Shift4 Payments, which impacts both companies’ stocks and is related to financial topics such as mergers and acquisitions.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: The deal size is 200000000 Canadian dollars, which is equivalent to $148100000 USD.
Move Size: The market move size mentioned in the article is 51%.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
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