BUZZ-Fiserv to buy Canadian firm Payfare in $140 mln deal; shares slide
** Shares of U.S. fintech firm Fiserv FI.N edge lower ~0.6% to $204.95
** Fiserv will buy Canada's fintech firm Payfare PAY.TO in a C$201.5 million ($140 million) deal
** The transaction, expected to close in the first half of 2025, values Payfare's stock at a 90% premium to last closing price
** Deal could also mark one of the final undertakings by Fiserv CEO Frank Bisignano, who has been picked by President-elect Donald Trump to head the Social Security Administration
** Including session's move, stock is up ~54.2% YTD
(Reporting by Jaiveer Singh Shekhawat in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available