Pushpay shares surge after NZ-based payments group confirms takeover talks By Reuters

(Reuters) – Shares of Pushpay Holdings Ltd surged on Tuesday after the New Zealand-based payments group confirmed that it was in early talks with multiple parties over a potential acquisition.

Pushpay said it received multiple approaches last month to purchase the payment platform, but any deal to implement a transaction had not been reached.

Shares of Pushpay, which are listed in both New Zealand and Australia, were on a trading halt earlier in the day as the company weighed the implications of a deal between two existing shareholders, Australian private equity firm BGH Capital and U.S.-based investment manager Sixth Street Partners.