Payment tech firm Nuvei forms special committee to evaluate proposals, shares soar

Shares of Nuvei Corp. rose nearly 32 per cent after it said it has formed a special committee to evaluate expressions of interest from potential buyers.

Shares in the Montreal-based payment technology firm rose $9.38 to end the day at $31.82 on the Toronto Stock Exchange.

The company announced the establishment of the committee after media reports on the weekend speculating about a potential deal that would see the company taken private.

Nuvei confirmed it was in talks in connection with a potential transaction involving continued significant ownership by certain of the holders of its multiple voting shares, including Phil Fayer, Nuvei's founder, chair and chief executive.