PAYA Alert: Monsey Law Firm of Wohl & Fruchter LLP Investigating Sale of Paya Holdings, Inc. to Nuvei Corporation
MONSEY, New York, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the directors of Paya Holdings, Inc. (Nasdaq: PAYA) (“Paya”) acted in the best interests of Paya shareholders in approving the sale of Paya to Nuvei Corporation (“Nuvei”) for $9.75 per share in cash.
If you remain a Paya shareholder and have questions about your legal rights, you may contact our firm at the following link to discuss your options at no charge:
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Why is there an investigation?
On January 9, 2023, Paya announced that it had agreed to be acquired by Nuvei for $9.75 per share in cash. The agreement has been approved by the Paya board of directors (“Board”).
“Our investigation concerns whether Paya’s Board acted in the best interests of Paya shareholders in approving the sale,” explained Joshua Fruchter, one of the firm’s name partners. “This includes whether the acquisition price adequately compensates Paya shareholders, and whether all material information regarding the transaction has been fully disclosed.”
Notably, according to an analysis of Wall Street price targets for PAYA in the last 90 days published on Seeking Alpha, there is a high price target for PAYA of $10.00 per share, which is above the deal price.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245