STOCK TITAN

Nuvei Corporation - $NVEI STOCK NEWS

Welcome to our dedicated page for Nuvei Corporation news (Ticker: $NVEI), a resource for investors and traders seeking the latest updates and insights on Nuvei Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nuvei Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nuvei Corporation's position in the market.

Rhea-AI Summary

Nuvei (Nasdaq: NVEI) (TSX: NVEI) announced that proxy advisory firm Glass, Lewis & Co. recommends shareholders vote FOR the previously announced statutory plan of arrangement. This Arrangement involves Neon Maple Purchaser, a new entity controlled by Advent International, acquiring all outstanding shares of Nuvei at $34.00 per share. The special meeting for this vote will be held on June 18, 2024. The Board of Directors and Institutional Shareholder Services also recommend voting FOR the Arrangement. Shareholders are urged to vote by June 14, 2024, if unable to attend virtually. For more details, visit www.NuveiPOA.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
none
-
Rhea-AI Summary

ViaPlus, a subsidiary of VINCI Highways, has partnered with Nuvei to enhance payment options for mobility services. This collaboration integrates ViaPlus' mobility back office with Nuvei's global acquiring and processing capabilities. Consumers will have access to over 700 new payment types in 150+ currencies, including local options like Brazil's Pix, Peru's Pago Efectivo, and Colombia's Nequi. The partnership aims to increase convenience and flexibility for users and agencies by introducing the ViaPlus Nexus™ digital payment network. This initiative is expected to benefit customers in Brazil, Peru, and Colombia, among other regions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
partnership
-
Rhea-AI Summary

Nuvei (Nasdaq: NVEI, TSX: NVEI) has announced the filing of a second amendment to its Rule 13e-3 transaction statement on Schedule 13E-3 with the SEC. The original filing was made on May 14, 2024, with the first amendment on June 4, 2024. The amendments are accessible on EDGAR and SEDAR+. There are no changes to the previously announced going private transaction with Advent International or the special shareholders' meeting date set for June 14, 2024. Shareholders are advised to vote in favor of the transaction before the June 14 deadline.

This announcement is informational and not an offer or solicitation to sell Nuvei shares. Detailed transaction info is available on the SEC and Nuvei's investor relations websites, as well as on SEDAR+ for Canadian filings. Shareholders should thoroughly review the Schedule 13E-3 and all related documents.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
Rhea-AI Summary

Nuvei, a Canadian fintech company, has partnered with Visa to introduce Visa Direct in Colombia. This makes Nuvei the first global payments provider to offer Visa Direct to customers in the country.

Visa Direct utilizes VisaNet to facilitate near real-time fund transfers directly to financial accounts using card credentials. The service can be used for various transactions including person-to-person payments, funds disbursements, bill payments, and cross-border remittances. This service is accessible through Nuvei's modular payments technology platform, allowing merchants to offer instant payouts to their customers.

Nuvei’s CEO, Philip Fayer, highlighted the importance of this service in supporting eCommerce growth in Colombia, one of Latin America's fastest-growing markets. The partnership with Visa extends Nuvei's existing global capabilities, which already include Europe, North America, and parts of APAC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
partnership
-
Rhea-AI Summary

Nuvei (Nasdaq: NVEI, TSX: NVEI) announced that Institutional Shareholder Services (ISS) recommends shareholders vote in favor of a statutory plan of arrangement. Under this plan, Neon Maple Purchaser, controlled by Advent International, will acquire all outstanding shares for $34.00 per share in cash. The special shareholder meeting to approve the arrangement is scheduled for June 18, 2024. ISS supports the proposal, noting the premium offered and the risks of non-approval. Nuvei's Board and a special committee of independent directors also recommend voting for the arrangement, believing it to be in the best interests of the company and its shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
-
Rhea-AI Summary

Nuvei (Nasdaq: NVEI, TSX: NVEI) held its annual meeting of shareholders on May 24, 2024. All proposed items of business were approved by shareholders. The eight director nominees were elected with high approval rates, notably Philip Fayer with 99.90% of votes in favor. PricewaterhouseCoopers LLP was reappointed as auditors with 99.87% of votes in favor. Final voting results are available on SEDAR+ and EDGAR. Nuvei provides fintech solutions for payment acceptance, payout options, and risk management across 200 markets and 150 currencies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
Rhea-AI Summary

Nuvei (Nasdaq: NVEI) has appointed Gang Wang as its new Chief Technology Officer, effective May 23, 2024. Wang will lead the global technology team and work closely with former CTO Max Attias, who now serves as Chief Information Officer. This leadership restructuring aims to bolster Nuvei's technological capabilities, drive innovation, and support future growth.

Wang joins Nuvei with over 25 years of experience, including senior roles at Intuit and Stripe. His expertise in payments and software sectors is expected to significantly enhance Nuvei's tech strategy and service delivery. Under Attias' previous leadership, Nuvei's total payments volume grew nearly fivefold from 2020 to 2023.

CEO Philip Fayer believes this strategic leadership expansion will empower Nuvei to address industry complexities and accelerate global revenue growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
management
-
Rhea-AI Summary

Nuvei announced the filing of a Management Proxy Circular and received an interim order for a go-private transaction involving Advent International. Shareholders will receive $34.00 per share, a 56% premium on the last trading day before media reports of the transaction. The Board recommends shareholders vote for the arrangement at a special meeting on June 18, 2024. The interim order authorizes the meeting and other related matters. The arrangement must be approved by a detailed voting process. Full details are available on SEDAR and EDGAR.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
none
-
Rhea-AI Summary

Nuvei reported its financial results for the first quarter of 2024, showing significant growth in total volume, revenue, and adjusted EBITDA. The company also announced a cash dividend and a proposed transaction to be taken private by Advent International. Revenue increased across all geographies, and the company plans to delist from stock exchanges after the transaction.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
Rhea-AI Summary
Nuvei is set to release its first quarter 2024 results on May 7, 2024. The company recently entered into a definitive agreement to go private with Advent International for US$34.00 per share, valuing the company at around US$6.3 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
Nuvei Corporation

Nasdaq:NVEI

NVEI Rankings

NVEI Stock Data

4.50B
63.31M
0.28%
54.7%
0.84%
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Finance and Insurance
Link
United States of America
Montreal