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PayPal Still Trades Below the $60.50 Bid Its Board Turned Down. What That Spread Says About Deal Odds.

The Motley Fool·
PayPal Still Trades Below the $60.50 Bid Its Board Turned Down. What That Spread Says About Deal Odds.

PayPal's board rejected a $53 billion acquisition offer from Stripe and Advent International at $60.50 per share. The stock currently trades at $58.54, below the rejected bid, suggesting Wall Street is skeptical of a higher offer and betting on PayPal's standalone turnaround potential under new CEO Enrique Lores, who has shown promising early results with 8% revenue growth and a 179% surge in adjusted free cash flow in Q2.

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