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Payfare ( (TSE:PAY) ) has issued an update.
Payfare Inc. announced that it has filed its management information circular for an upcoming special shareholders’ meeting, where shareholders will decide on a significant plan of arrangement. This arrangement involves Fiserv, Inc. acquiring all outstanding shares of Payfare at a substantial premium, providing shareholders with immediate value. The board of directors and a special committee have unanimously recommended the arrangement, emphasizing the premium and certainty of value it offers. Failure to approve the plan could negatively impact shareholder value.
More about Payfare
Payfare Inc. is a company operating in the financial technology industry, focusing on providing digital banking and payment solutions.
YTD Price Performance: 0.0%
Average Trading Volume: 468,749
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$186.6M
Learn more about PAY stock on TipRanks’ Stock Analysis page.
