08:58 AM EDT, 08/26/2024 (MT Newswires) -- Givex ( GIVXF ) -- with integrated end-to-end management solutions that provide Gift Cards, GivexPOS, Loyalty Programs -- on Monday agreed to be acquired by Shift4 Payments in an all cash deal valued at about C$200 million on a fully diluted, in-the-money, treasury method basis.

Under the terms of the agreement, Givex ( GIVXF ) shareholders will receive C$1.50 in cash for each, share.

A statement noted the consideration represents a 64% premium to the 20-day volume-weighted average price of the Givex ( GIVXF ) shares on the Toronto Stock Exchange for the period ended August 23, the last trading day prior to the announcement of the transaction.

Givex ( GIVXF ) touched a 52 week high of $0.98 on Friday.

The Givex ( GIVXF ) board and special committee have unanimously approved the transaction. Givex's ( GIVXF ) directors, executive officers and significant shareholders, which together own 57% of Givex's ( GIVXF ) outstanding shares, have entered into voting support agreements in favour of the deal.