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Priority Technology CEO Priore to take payments firm private for $1.6B

Priority board approves CEO-led buyout at $8.05 per share

1 Sep 21 · 5d ago · 3 articles · 1 source · development 1 of 2

Priority Technology agreed to be taken private by Priore's investor group in a deal valued at $1.6 billion enterprise value. The group will pay $8.05 per share in cash for shares it does not already own, representing a 65% premium to the unaffected price of November 7, 2025, and more than 30% above Priore's initial offer of $6 to $6.15 per share.

Priority board approves CEO-led buyout at $8.05 per share
Quartz

“After a comprehensive evaluation of the proposal, a rigorous valuation analysis, and extensive negotiations with Tom and his affiliates, we are delivering a transaction that provides compelling and certain value to Priority's unaffiliated stockholders.”

Michael Passilla

Thomas Priore Chairman and CEO of Priority TechnologyMichael Passilla Special Committee ChairSearchlight Capital Partners Equity financing partnerPriority Technology Holdings Target company

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1–2Priority board approves CEO-led buyout at…
Sep 22Sep 23Sep 24yesterdaynow · 3:16 PM ET

What was reported 2 claims about this development

  1. 4 outlets Priority Technology CEO to take company private in $1.6B deal

    first by Seeking Alpha, 5d ago · also Yahoo Finance, WSJ Markets, WSJ US Business

    1 more headline
  2. 3 outlets Priority Technology to go private in $1.6 billion CEO-led deal

    first by Channel News Asia, 5d ago · also Yahoo Finance, Quartz

    2 more headlines

All 2 developments of Priority Technology CEO Priore to take payments firm… →

Newswires