Shift4 Acquires Givex for C$200 Million in Cash Deal

Givex Information Technology Group (TSE:GIVX) has released an update.

Shift4 Payments, Inc. has agreed to purchase Givex Corp. for C$200 million, or C$1.50 per share, in an all-cash deal, representing a 64% premium over Givex’s recent average share price. The acquisition is supported by Givex’s board and key shareholders, promising immediate liquidity and a value boost for Givex shareholders. This deal will expand Shift4’s customer base globally and enhance its payment solutions with Givex’s gift card and loyalty programs.

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