Priority Technology Holdings to Be Taken Private in $1.6 Billion Deal at $8.05 Per Share
Priority Technology Holdings (NASDAQ:PRTH) has agreed to a take-private deal valued at approximately $1.6 billion, led by its chairman and CEO Thomas Priore. Unaffiliated shareholders will receive $8.05 per share in cash, representing a 38% premium over the September 18 closing price and a 65% increase from November 7, 2025. The transaction was negotiated with an independent special committee of directors, which secured more than a 30% increase from the initial offer before unanimously recommending it for approval. The deal is not subject to financing conditions but requires regulatory approvals and shareholder consent. Completion is expected in early 2027 after which Priority will delist from Nasdaq. The transaction involves equity commitments from funds advised by Searchlight Capital Partners, removing one potential obstacle to the acquisition's success. Investors are now focused on whether the deal closes as planned. The shift removes public market exposure for shareholders and redirects attention toward regulatory clearance and shareholder approval processes.
Tickers: $PRTH
Topics: Corporate Governance Mergers & Acquisitions Stock Delisting