Paya Holdings Inc.
stock is rallying by 25% after the payments and accounting company agreed to be acquired by Atlanta-based Nuvei Corp.
for $9.75 a share in a deal valued at $1.3 billion. Private equity firm GTCR LLC agreed to tender their shares of Paya, with ownership of 34% of the company. Analysts at D.A. Davidson said they view the deal positively, although the price came in at a slight discount to their $10 price target for Paya.