SafeCharge to Be Bought by Nuvei for $889 Million

Haaretz.com

“SafeCharge International Group, a U.K.-Israeli company founded by Israeli billionaire Teddy Sagi, is being acquired in an all-cash deal valued at $889 million by Nuvei Corporation, the Canadian payments technology firm said Wednesday.   The companies said SafeCharge shareholders would receive $5.55 in cash for each share, a 25% premium to the stock’s Tuesday closing price on the London Stock Exchange. The share price was up about 22% to 428 pence ($5.41) late Wednesday afternoon London time.”