Payoneer Global Inc is trading at $7.03 (+4.15%) after announcing a definitive agreement to be acquired by Nuvei in an all-cash transaction.
- The deal is priced at $7.40 per share, establishing a clear near-term price target above current trading levels.
- The M&A announcement is the primary driver for the stock's upward movement, despite a broader risk-on sentiment in the markets this morning.