The all-cash transaction will pay $1.50 per Givex share, a 55 percent premium on its Friday closing price.
Toronto-based customer engagement platform Givex has entered into an agreement that will see it acquired by American commerce payments firm Shift4 Payments.
The transaction is expected to close in the fourth quarter of 2024.
The all-cash transaction will see Givex’s Toronto Stock Exchange (TSX) shareholders receive $1.50 CAD per Givex share, implying an aggregate equity value of $200 million on a fully-diluted basis. BetaKit has reached out to Givex and Shift4 to confirm if there are additional financial considerations as part of the transaction.
The firms announced the agreement Monday morning, with the $1.50 per share price tag representing a 55 percent premium on Givex’s Friday closing price of $0.97. Givex’s share price has fluctuated over the past year, dipping as…
