Paya stock jumps 25% after it agrees to be bought by Nuvei in $1.3 bln deal

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Paya Holdings Inc. PAYA, +0.91% stock is rallying by 25% after the payments and accounting company agreed to be acquired by Atlanta-based Nuvei Corp. NVEI, +1.01% for $9.75 a share in a deal valued at $1.3 billion. Private equity firm GTCR LLC agreed to tender their shares of Paya, with ownership of 34% of the company. Analysts at D.A. Davidson said they view the deal positively, although the price came in at a slight discount to their $10 price target for Paya.

This article was originally published by Marketwatch.com. Read the original article here.

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