Priority Technology to go private in $1.6 billion CEO-led deal
Sept 21 : Payments and banking solutions provider Priority Technology Holdings said on Monday it had agreed to be taken private by a group led by Chairman and CEO Thomas Priore in a deal valued at about $1.6 billion.
- The group will pay $8.05 per share in cash for those it does not already own, representing a 65 per cent premium to the stock's unaffected price before the initial proposal was disclosed in November 2025.
- The agreed price is more than 30 per cent above Priore's initial offer of $6 to $6.15 per share.
- Funds advised by Searchlight Capital Partners have provided equity commitments for the acquisition.
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • The transaction was unanimously recommended by a special committee of independent directors following a review conducted with its legal and financial advisers. • The agreement includes a $15.75 million termination fee for Priority and a $35.25 million reverse-termination fee payable by the buyer. • The transaction is expected to close in the first half of 2027.
- The transaction was unanimously recommended by a special committee of independent directors following a review conducted with its legal and financial advisers.
- The agreement includes a $15.75 million termination fee for Priority and a $35.25 million reverse-termination fee payable by the buyer.
- The transaction is expected to close in the first half of 2027.
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