Canaccord downgraded Nuvei to Hold from Buy with a price target of $34, down from $40, after the company agreed to be taken private by Advent for $34 per share. The firm believes the transaction closes without material risk of unforeseen events arising.
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Read More on NVEI:
- Nuvei Goes Private in $6.3B Acquisition Deal
- Nuvei Corp. Goes Private in $6.3 Billion Buyout
- Nuvei enters into agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ at a price of US$34.00 per share
- Lightspeed (TSE:LSPD) Shares Snap Up as It Considers Going Private
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