Priority Technology Holdings is going private in a $1.6 billion CEO-led buyout

What happened

An investor group led by Chairman and CEO Thomas Priore will pay $8.05 per share, a 65% premium to the company's unaffected share price

Summary assembled by rule from the sources below

Timeline

1. 12:48
   First appeared on Yahoo FinanceYYahoo Finance
2. 12:50
   Quartz started reportingQQuartz

Sources