Pushpay board pushes $1.53b takeover

(Image: Pushpay)

Fri, 28 Oct 2022

Pushpay Holdings’ board has recommended shareholders accept a takeover bid valuing the company at $1.53 billion by shareholders BGH Capital and Sixth Street, which would mean its owners reap a 13% gain on the company’s last trading price. The bidders are offering $1.34 per share in cash. When trading was halted today Pushpay had been trading at $1.19. The offer was based on the “undisturbed” share price of $1.03 before talk about a takeover bid become public.Pushpay was trading at 1.30 in January.Shares of the churc...

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