Canadian fintech Nuvei Corporation (TSX:NVEI) has received some expressions of interest.
The company further confirmed that it is in discussions with certain third parties in connection with a potential transaction involving the continued significant ownership of certain of its multi-voting stockholders, including Phil Fayer, Nuvei’s founder, President and CEO.
The company’s full statement can be read below:
Nuvei Corporation (NASDAQ: NVEI) (TSX: NVEI) (the “Company” or “Nuvei”) announces today that it is aware of recent media reports speculating about a potential private transaction involving the Company.
While the Company’s policy is not to comment on hearsay or speculation, the Company confirms that, in connection with expressions of interest received by the Company, the Company’s board of directors has formed a special committee of independent directors (the “Special Committee”) to evaluate and consider, in consultation with the respective financial and legal advisors of the Special Committee and the Company, such expressions of interest as well as any other strategic alternatives available under the circumstances in the best interest of the Company. The Company further confirms that it is engaged in discussions with certain third parties in connection with a potential transaction involving continued significant ownership by certain of its multi-voting stockholders, including Phil Fayer, Nuvei’s founder, President and Chief Executive Officer.
The Company cautions readers that it has not entered into any agreements or understandings to effect a privatization or similar transaction, and there can be no assurance that any discussions that have taken place will result in such agreements or understandings. The Special Committee continues to evaluate the proposals received to date and the strategic alternatives available to the Company and no decision has been made at this time whether to proceed with a transaction or maintain the status quo. Given the nature of the proceeding, the Company does not intend to comment further unless otherwise required under applicable securities laws and regulations.”