The resources heavy Toronto Stock Exchange (TSX) lost a modest dozen points on Monday despite higher commodity prices and a jump of more than 30% in Nuvei Corp. (NASDAQ and TSX: NVEI). Still, Canada’s main stock market remains within about 250 points of all time record highs.
On Nuvei, it announced overnight Sunday that it is aware of recent media reports speculating as to a potential going-private transaction involving the company. This came after Reuters on Saturday cited a source familiar with the matter as saying private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial backing from actor Ryan Reynolds. The Wall Street Journal first reported about Advent’s talks with Nuvei.
In looking for mention of factors that might have held the overall TSX back from making further gains, National Bank noted momentum in the other sectors of the S&P/TSX —…
