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POTENTIAL DEAL DETAILS
| Stock | Lightspeed Commerce Inc. | Symbol | LSPD |
| Date Announced | 09/25/2024 | Source | Reuters |
| Type | News Report |
Reuters reported that Lightspeed Commerce (LSPD), a Canadian payments software maker with a market value of C$3.2 billion ($2.37 billion), is working with a financial adviser to explore options including a potential sale.
Lightspeed has tapped investment bankers at JPMorgan Chase (JPM) to evaluate its options and solicit interest from potential buyers, which could include private equity firms.
Lightspeed Commerce Inc. Investor Relations
Update(s):
September 25, 2024: Lightspeed (LSPD) announced it is currently conducting a strategic review of its business and operations to realize its full potential. In this context, the company has engaged and may continue to engage, in discussions relating to a range of potential strategic alternatives.
December 2, 2024: Lightspeed (LSPD) announced a reorganization that will impact about 200 individuals, aligning with the company’s strategic objective of further driving profitable growth. Lightspeed expects that most of the restructuring charges will be incurred in the third quarter of fiscal 2025.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.