India, Sept. 21 -- Priority Technology Holdings, Inc. (PRTH), a payments and banking solutions provider, announced Monday it has entered into a definitive agreement to be acquired by an investor group led by Thomas Priore, the company's Chairman and Chief Executive Officer.
The investor group will acquire all outstanding shares of Priority's common stock that it does not already own for $8.05 per share in cash, representing an enterprise value of approximately $1.6 billion.
The all-cash transaction represents a 65% premium to Priority's closing share price on November 7, 2025, the last trading day before public disclosure of the investor group's preliminary, non-binding proposal.
The offer also represents a 38% premium to the company's c...