Priority Technology Holdings, Inc. Announces Definitive Agreement With Investor Group Led By Chairman And CEO Thomas Priore To Take Company Private

Sept 21 (Reuters) - Priority Technology Holdings Inc PRTH.O said it has entered into a definitive agreement with an investor group led by Chairman and CEO Thomas Priore to take the company private.

• Priority Technology Holdings, Inc. announces definitive agreement with investor group led by Chairman and CEO Thomas Priore to take company private
• Priority Technology - enters agreement to be bought by investor group led by CEO
• Priority Technology - deal represents enterprise value of about $1.60 billion
• Priority Technology - investor group to buy Priority for $8.05 per share in cash
• Priority Technology - deal unanimously recommended by special committee and approved by board
• Priority Technology Holdings - deal being financed, in part, by equity commitments from funds advised by Searchlight Capital Partners, L.P.