Priority Technology Receives Buyout Proposal from CEO
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Priority Technology Holdings (PRTH) announced it received a non-binding buyout proposal from CEO Thomas Priore's investor group, offering $6.00 to $6.15 per share for the remaining shares. The group already owns 58% of PRTH. No agreement has been reached, and shareholders need not take action. Analysts rate PRTH as a Buy with a $10.00 target, but Spark's AI Analyst rates it Neutral due to financial risks and bearish technical pressure despite positive cash flow growth. PRTH operates in the payments and banking solutions industry with a market cap of $398.7M.
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