Payoneer Global Inc. [PAYO] - Nuvei Parent / Payoneer Global merger
Nuvei Parent will acquire Payoneer Global Inc. for $7.40 in cash per share, with Payoneer becoming a wholly owned subsidiary upon completion of the merger.
Why this matters
Payoneer Global Inc., a business services company incorporated in Delaware, provides digital payment solutions to businesses and professionals worldwide, facilitating cross-border transactions and financial services. Nuvei Parent has announced its intention to acquire Payoneer Global Inc. for $7.40 in cash per share, resulting in Payoneer becoming a wholly owned subsidiary of Nuvei. This merger follows the execution of voting and support agreements by certain Payoneer directors, officers, and affiliated funds, representing approximately 19% of the voting shares, to support the transaction.