Evo Payments Rejected Shift4 Takeover Offer [Business News Network (BNN) (Canada)]
Shift4 Payments, Inc. Class A (FOUR)
Company Research
Source: Business News Network
It's unclear whether Shift4 Payments will make another bid, said the people, who asked not to be identified because the matter wasn't public. A representative for Shift4 Payments declined to comment. A spokesperson for Evo Payments didn't immediately respond to a request for comment. The approach coincides with heavy consolidation in the payments sector, which was already growing rapidly before the coronavirus pandemic accelerated a shift away from using cash. Companies that have benefited from the trend have sought to take advantage of their surging stock prices to help fuel acquisitions. PayPal Holdings Inc.'s takeover approach to Pinterest Inc. was a recent example of that strategy. Shift4 Payments, which went public in June 2020, has seen its shares gain 19% in the past year. The stock closed up 2.4% to $72.62 in New York on Tuesday, giving the company a market value of about $6 billion. Evo Payments fell 0.3% to $24.05, giving it a market value of about $2 billion. Shi
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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
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- 3/5/24 - Form 4
- FOUR's page on the SEC website