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Payfare ( (TSE:PAY) ) has shared an announcement.
Payfare Inc. announced that Institutional Shareholder Services Inc. (ISS) has recommended shareholders vote in favor of a plan where Fiserv, Inc. will acquire Payfare’s outstanding shares for C$4.00 each. This all-cash offer represents a 90% premium over the pre-announcement share price. ISS highlighted the offer’s premium value and the credible valuation process, emphasizing the immediate cash value for shareholders. This recommendation could significantly sway shareholder decisions at the upcoming meeting, influencing Payfare’s future operations and market position.
More about Payfare
Payfare Inc. operates within the financial services industry, focusing on digital financial solutions. The company offers services related to instant payout solutions for the gig economy, providing financial products to enhance the cash flow capabilities of gig workers.
YTD Price Performance: 1.29%
Average Trading Volume: 470,393
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$189M
See more data about PAY stock on TipRanks’ Stock Analysis page.
