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Bullboard - Stock Discussion Forum Nuvei Corp T.NVEI

Nuvei Corporation is a Canadian fintech company accelerating the business of clients around the world. Its modular, flexible and scalable technology allows companies to accept payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in over 200 markets, with local acquiring in 50 markets, 150... see more

TSX:NVEI - Post Discussion

Nuvei Corp > Reason why buyout was low
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Post by cpeczek on Apr 01, 2024 2:07pm

Reason why buyout was low

This is why shareholders got fleeced: "Philip Fayer, Novacap and CDPQ (together with entities they control directly or indirectly, collectively, the "Rollover Shareholders") have agreed to roll approximately 95%, 65% and 75%, respectively, of their Shares (the "Rollover Shares") and are expected to receive in aggregate approximately US$560 million in cash for the Shares sold on closing4. Philip Fayer, Novacap and CDPQ are expected to indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company.
 
The proposed transaction has the support of each of the holders of Multiple Voting Shares, namely Philip Fayer, Novacap and CDPQ, who collectively represent approximately 92% of the voting power attached to all the Shares."

Shareholders got short-changed behind closed doors. 
Comment by Lupuslupus on Apr 01, 2024 4:25pm
I smell a class action lawsuit
Comment by gold_diggers1 on Apr 03, 2024 12:44am
TD recommended FMV US$33 - $42/share.  Advent decided to offer at the low end US$34/share and the three big players agreed? Pending lawsuits... There are a few of them.  The question is how difficult to prove the wrong doing, if any that is?  I feel for those who bought at much, much higher prices over the years.
Comment by Possibleidiot01 on Apr 02, 2024 7:39am
cpeczek , thanks for a well written post . There's a trend towards inequality between shareholders ; some people ( usually founders/management ) get to continue to be shareholders and benefit in the longer term while others don't. See Magnet Forensics, Think Research etc etc
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