Nuvei’s $2.75 B, $7.40/Share Takeover Pushes Payoneer to 35% Monthly Gain, Analysts Lower Ratings
PAYO•Payoneer shares jumped over 4% after Canadian payments firm Nuvei agreed to acquire Payoneer in an all-cash $2.75 billion deal at $7.40 per share. Multiple analysts, including Citi and Keefe Bruyette & Woods, downgraded the stock to Neutral/Market Perform, citing limited upside ahead of lengthy regulatory approvals.
1. Nuvei Acquisition Details
Canadian fintech firm Nuvei agreed to acquire Payoneer Global in an all-cash transaction worth $2.75 billion, paying $7.40 per outstanding share. The deal, approved by both companies’ boards, is expected to close by mid-2027 pending regulatory approvals.
2. Stock Reaction and Performance
Payoneer shares rose more than 4% on the acquisition announcement and have gained over 35% this month, marking the best monthly performance since July 2022. Shares had surged about 24% on initial deal reports last week.
3. Analyst Downgrades and Outlook
Citi downgraded Payoneer to Neutral from Buy with a $7.40 price target, forecasting roughly 5% upside. Keefe Bruyette & Woods cut its rating to Market Perform from Outperform at the same target, while William Blair, Northland and Needham also trimmed ratings, pointing to limited upside and a lengthy approval process.
