Markets

Pushpay up 14% with bidding war on the cards

Dan Brunskill
Tue, 24 May 2022

Pushpay up 14% with bidding war on the cards
Pushpay's chief executive Molly Matthews is US-based and the company's likely to shift its listing to the Nasdaq eventually. (Image: Pushpay))
Dan Brunskill
Tue, 24 May 2022
Pushpay Holdings may be setting the scene for a bidding war after it released a statement saying it was in the early stages of discussions with multiple interested buyers. The comment came after two existing shareholders, BGH Capital and Sixth Street, disclosed they had agreed to cooperate on a takeover bid. The two hold a combined stake of 20.3%.This cooperation agreement says the firms will work together to negotiate and implement a proposed bid and prevents them from selling shares or supporting a competing proposal.It appears ther...

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