Nuvei Corporation (NASDAQ:NVEI) announced that Glass, Lewis & Co. has recommended that shareholders vote in favor of the statutory plan of arrangement involving the company and Neon Maple Purchaser, a newly-formed entity controlled by Advent International.

The plan proposes the acquisition of all issued and outstanding shares for $34 cash per share.

A special meeting for Nuvei shareholders is scheduled for June 18, 2024, at 10:00 a.m. Eastern time, to vote on the proposed transaction.

The Nuvei Board has unanimously determined that the arrangement serves the best interests of the company and its shareholders.