Priority Technology (PRTH) Holdings announced that it has received a preliminary, non-binding proposal from an investor group led by its chairman and CEO, Thomas Priore, to acquire the remaining shares of the company. The cash consideration is in a range of $6.00-$6.15 per share. Priore currently holds approximately 58% of the company’s outstanding common stock.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRTH:
- Priority Technology Receives Buyout Proposal from CEO
- Priority Technology receives non-binding take private bid of $6-$6.15 per share
- Priority Technology Holdings’ Mixed Earnings Call Reveals Growth and Challenges
- Priority Technology price target lowered to $11 from $16 at B. Riley
- Priority Technology price target lowered to $9 from $10 at Keefe Bruyette