Payment solutions provider Paysafe reported an 11% year-on-year rise in first-half revenue growth to $538.7m on Tuesday, which was down from 118% growth at the interim last year.
Paysafe has recommended shareholders accept private equity groups Blackstone and CVC's £2.96bn cash offer, which would see investors in the online and mobile payments specialist receive 590p per share.
In an unusual double, Paysafe Group has both struck a $470m deal to acquire US-based Merchants' Choice Payment and also announced that it has received a takeover proposal from private equity companies Blackstone and CVC Capital Partners.
Paysafe Group announced on Friday that it had paid a total of $3.32m in cash to certain of the vendors of FANS Entertainment, the Montreal-based mobile platform developer, in return for those vendors giving up their rights to be issued 790,908 shares in a subsidiary of Paysafe.
Electronic payments provider Paysafe said first quarter trading was in line with expectations and reiterated its 2017 guidance of low double-digit organic revenue growth.
London stocks edged lower in early trade, adding to losses from the previous session when the FTSE suffered its worst day since the Brexit vote after Prime Minister Theresa May announced plans for a snap general election on 8 June.
Amec Foster Wheeler: Citigroup downgrades to Neutral/High Risk with a target price of 580p.
Payment solutions provider Paysafe posted its audited preliminary results for the 2016 calendar year on Tuesday, with year-on-year revenue growth of 63% to $1bn.
Paysafe has appointed fintech industry heavyweight Tim Thurman as its chief digital officer, effective from 27 March.
FTSE 250 digital payments provider Paysafe has appointed Oscar Nieboer as its first chief marketing officer.
Northgate: Barclays reiterates Neutral with a target price of 600p.
Global payment provider Paysafe Group issued an unaudited trading update for the year to 31 December on Thursday, reporting continued strong momentum during the second-half as it focused on building a portfolio of payment-related products and services to meet industry needs.
Digital payment systems provider Paysafe announced plans to begin an inaugural share buyback programme of up to £100m.
Hargreaves: Barclays reiterates overweight with a target price of 1560p.
The FTSE 250 index was modestly lower on Wednesday afternoon, led lower by a group of retail and leisure stocks.
As shares in Paysafe and NCC Group took a hammering, directors in both FTSE 250 companies upped their skin in the game.
Digital payment systems provider Paysafe tumbled on Tuesday, with traders pointing to a note by anonymous short seller Spotlight Research, which highlighted material risks from regulatory enforcement action.
The FTSE 250 was led moderately lower on Tuesday as most markets moved skittishly sideways ahead of a US election that is seen as having potentially widespread implications for the global economy.
FTSE 250 payment solutions provider Paysafe reiterated its guidance on full-year revenue and adjusted earnings on Tuesday.
FTSE 250 payment solutions provider Paysafe - known as Optimal Payments before it merged with competitor Skrill in August last year - has acquired affiliate technology business Income Access Group for a cash consideration of CAD40m.