NEW
YORK, Jan. 9, 2023 /PRNewswire/ -- Shareholder
rights law firm Julie & Holleman is investigating the proposed
$1.3 billion acquisition of Paya
Holdings Inc. (Nasdaq: PAYA) by Nuvei Corporation. The deal was
announced on January 9, 2023, offers
Paya shareholders just $9.75 per
share, and is expected to close by the end of the first quarter of
2023.
To learn more about the investigation, click here. There is no
cost of obligation to you.
Paya is a leading provider of integrated payment and
frictionless commerce solutions that help customers accept and make
payments, expedite receipt of money, and increase operating
efficiencies. The company was initially founded in 2006 as Sage
Payment Solutions, and in 2017 it was acquired by GTCR, a
Chicago-based private equity firm.
The company went public in 2020 through a de-SPAC transaction with
a blank check company. Since going public, GTCR has remained Paya's
largest shareholder, currently owning 34% of the company's
stock.
Julie & Holleman is investigating potential legal claims
available to Paya's shareholders regarding the proposed
acquisition, including potential conflicts of interest arising out
of GTCR's status the company's largest shareholder. Julie &
Holleman is also investigating claims related to whether the
$9.75 per share deal price is
adequate. In its most recent earnings release, Paya reported
substantial increases in payment volume, revenue, adjusted EBITDA,
and numerous other relevant financial metrics.
If you would like more information about Julie & Holleman's
investigation, or about the acquisition in general, please contact
W. Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020. You may
also visit the firm's website by clicking here. There is no cost or
obligation to you.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions, and corporate
investigations. The firm's attorneys litigate in state and federal
courts across the nation. For more information about the firm,
please visit https://www.julieholleman.com/. This notice may
constitute attorney advertising.
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SOURCE Julie & Holleman LLP