Shift4 CEO tells staff potential bids fail to 'sufficiently value' firm, Bloomberg News reports [Reuters]
Shift4 Payments, Inc. Class A (FOUR)
Company Research
Source: Reuters
from potential contenders have failed to "sufficiently value" the company, Bloomberg News reported on Sunday. The board determined that none of the "multiple offers" received by Shift4 adequately valued the business or the company's future, even though the offers were above its Shift4's current share price, the report said, citing a memo to the company's staff on Friday. Shift4 did not immediately respond to a request for comment on the Bloomberg report. Reuters had reported in February that Fiserv (FI.N) , opens new tab and Amadeus Group (AMA.MC) , opens new tab are competing to acquire Shift4 Payments, which has a market value of nearly $7 billion. Shift4 collects fees from clients, ranging from restaurants, casinos and hotels, to sports teams like the San Francisco 49ers, to facilitate their payments. It processes more than $200 billion worth of annual transactions for over 200,000 customers, according to its website. Get a look at the day ahead in U.S. and global markets
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FOUR
News
- Chicago White Sox Expand Partnership with Shift4, Adding Ticketing PaymentsBusiness Wire
- The Most Undervalued Fintech: Mini Deep Dive On Shift4 Payments [Seeking Alpha]Seeking Alpha
- Shift4 Payments, Inc. (NYSE: FOUR) was upgraded by analysts at Redburn Atlantic from a "sell" rating to a "neutral" rating. They now have a $53.00 price target on the stock.MarketBeat
- Shift4 to Release First Quarter Earnings Results on May 9, 2024Business Wire
- Shift4 Payments: The Sell-Off Appears Overdone [Seeking Alpha]Seeking Alpha
FOUR
Earnings
- 2/27/24 - Miss
FOUR
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 3/12/24 - Form 4
- FOUR's page on the SEC website