(Boursier.com) — Shift4 Payments loses around 10% before market on Wall Street, while its director Jared Isaacman indicated according to Bloomberg that the offers from potential competitors for its acquisition did not sufficiently value the payment service provider. The board of directors therefore determined that none of the offers received by Shift4 adequately evaluated the group or its prospects. The offers would, however, be higher than current prices. Reuters previously reported in February that Fiserv and Amadeus Group were competing to acquire Shift4, which has a current market capitalization of $6.7 billion. The payment processing group has a large clientele of restaurants, casinos, hotels and sports teams and processes more than $200 billion in annual transactions.
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