Payoneer Global Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Payoneer Global Inc. - PAYO
Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti Jr., is investigating the proposed sale of Payoneer Global Inc. to Nuvei, under which Payoneer shareholders would receive $7.40 in cash per share. The firm is examining whether the consideration and the process leading to it are adequate.
Why it matters — A PAYO watcher would care because the investigation raises questions about the fairness of the proposed $7.40-per-share acquisition price and the process behind the sale to Nuvei.