Priority Technology Holdings, Inc. Announces Definitive Agreement With Investor Group Led By Chairman And CEO Thomas Priore To Take Company Private

By Reuters News

Sept 21 (Reuters) - Priority Technology Holdings Inc PRTH.O:

  • PRIORITY TECHNOLOGY HOLDINGS, INC. ANNOUNCES DEFINITIVE AGREEMENT WITH INVESTOR GROUP LED BY CHAIRMAN AND CEO THOMAS PRIORE TO TAKE COMPANY PRIVATE

  • PRIORITY TECHNOLOGY - ENTERS AGREEMENT TO BE BOUGHT BY INVESTOR GROUP LED BY CEO

  • PRIORITY TECHNOLOGY - DEAL REPRESENTS ENTERPRISE VALUE OF ABOUT $1.60 BILLION

  • PRIORITY TECHNOLOGY - INVESTOR GROUP TO BUY PRIORITY FOR $8.05 PER SHARE IN CASH

  • PRIORITY TECHNOLOGY - DEAL UNANIMOUSLY RECOMMENDED BY SPECIAL COMMITTEE AND APPROVED BY BOARD

  • PRIORITY TECHNOLOGY HOLDINGS- DEAL BEING FINANCED, IN PART, BY EQUITY COMMITMENTS FROM FUNDS ADVISED BY SEARCHLIGHT CAPITAL PARTNERS, L.P

Further company coverage: PRTH.O

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