Business
Priority Technology to Go Private in $1.6 Billion Searchlight-Backed Deal
Priority Technology PRTH 33.79%increase; up pointing triangle Holdings agreed to be taken private by an investor group led by its chair and chief executive, Thomas Priore, in a deal with an enterprise value of around $1.6 billion.
Priore’s group would acquire all the stock it doesn’t already own for $8.05 a share in cash, which the payment-technology company said is a 65% premium to its share price on Nov. 7, 2025, just prior to the investor group’s preliminary acquisition proposal. The price also represents a 38% premium to the company’s Friday closing price.
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