Why Shift4 Payments Stock Dropped This Morning
Shift4 Payments(FOUR) The Motley Fool·2024-03-18 15:41Shares of financial technology (fintech) company Shift4 Payments (FOUR -7.78%) dropped on Monday morning as the market digested news regarding a potential sale of the company. As of 10 a.m. ET, Shift4 stock was down 9%.Potential acquirers aren't bidding high enoughAccording to a weekend report from Bloomberg, Shift4 founder and CEO Jared Isaacman sent an internal memo on Friday. The memo said that multiple companies have offered to buy Shift4 for more than its stock price right now. But the board of directo ...