An update from Payfare ( (TSE:PAY) ) is now available.
Payfare Inc. has received a positive recommendation from Glass Lewis, a prominent proxy advisory firm, to pursue its Arrangement with Fiserv. This endorsement, alongside a similar recommendation from Institutional Shareholder Services, highlights the significant value the proposed acquisition offers to Payfare shareholders, with a purchase price of C$4.00 per share. Shareholders are urged to vote in favor of the Arrangement by the February 19, 2025 deadline, with the final decision to be made in a virtual meeting on February 21, 2025.
More about Payfare
Payfare Inc. operates in the financial technology industry, specializing in providing digital banking and instant payment solutions. The company’s primary focus is on offering financial services to gig economy workers, enhancing their ability to access earnings quickly and manage finances effectively.
YTD Price Performance: 0.77%
Average Trading Volume: 474,099
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$188M
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.