Shift4 Payments CEO announces failed buyout bids, shares drop 9% due to valuation concerns.
Shift4 Payments CEO Jared Isaacman told staff that potential buyout bids have failed to "sufficiently value" the payments firm. The company received multiple offers above its current share price, but its board deemed none of them to adequately value the business or its future. Shares of Shift4 Payments have dropped over 9% since the news, reflecting investor concerns about the company's valuation.
March 17, 2024
10 Articles