Nuvei acquisition by Advent recommended by Glass Lewis

Nuvei announced that proxy advisory firm Glass Lewis has recommended that Nuvei shareholders vote for the statutory plan of arrangement involving the company and Neon Maple Purchaser, a newly-formed entity controlled by Advent. The purchaser will acquire all the issued and outstanding subordinate voting shares and multiple voting shares of the company for a price of $34.00 cash per share. The special meeting of shareholders will be held on June 18. Glass Lewis is the second independent proxy advisory firm to recommend shareholders vote for the arrangement, following the recommendation from ISS. The board of directors has concluded that the arrangement is in the best interests of the company and its shareholders.