Pushpay jumps 27% on takeover talk

Pushpay CEO Molly Matthews. (Image: supplied)

Tue, 26 Apr 2022

Pushpay Holdings shares soared 27% on news that third parties are looking to buy the company.The online tithing and engagement platform for the faith sector said it has recently received unsolicited, non-binding and conditional expressions of interest or approaches from third parties.Brad Gordon, a director at Hobson Wealth Partners, said investors responded positively and there is likely some short covering given the announcement. Short covering is when an investor bets a price will fall and then has to buy back the borrowed stock to close out...

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