OTCPK:VPYYF - Post by User
Post by
retiredcfon Feb 24, 2020 9:02am
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Post# 30725078
Acquisition Completed
Acquisition CompletedJust announced this morning so we should be seeing our cash very shortly. GLTA
Great Hill Partners, a leading growth-oriented private equity firm, and VersaPay Corporation , a market leading provider of a SaaS accounts receivable, invoicing and integrated payments technology platform serving B2B customers, announced the successful completion of the previously announced acquisition of VersaPay by an affiliate of Great Hill, pursuant to a statutory plan of arrangement under the Canada Business Corporations Act (the “Arrangement”). Under the Arrangement, each VersaPay shareholder will receive cash consideration of C$2.70 for each common share held, valuing VersaPay’s total equity at approximately C$126 million on a fully diluted basis.