PayPal (PYPL) stock rose more than 4% on Tuesday after the payments giant defended its multiyear turnaround plan without completely closing the door to a potential merger.
"While there is still significant work ahead, I have strong conviction in our direction and in our ability to execute," PayPal president and CEO Enrique Lores said.
"At the same time, we remain open and objective in evaluating opportunities," he added. "If we see levers or a path that we believe would create superior value for our shareholders that execute in our current strategy, we would, of course, carefully consider them."
Earlier this year, Stripe and private equity firm Advent offered to acquire PayPal for around $60 per share, according to a report from Reuters earlier this month. The news sent PayPal's stock surging.
"For now, while we remain open, our focus is on executing our own strategic plan," Lores added.
#paypal #lores #earlier #execute
"While there is still significant work ahead, I have strong conviction in our direction and in our ability to execute," PayPal president and CEO Enrique Lores said.
"At the same time, we remain open and objective in evaluating opportunities," he added. "If we see levers or a path that we believe would create superior value for our shareholders that execute in our current strategy, we would, of course, carefully consider them."
Earlier this year, Stripe and private equity firm Advent offered to acquire PayPal for around $60 per share, according to a report from Reuters earlier this month. The news sent PayPal's stock surging.
"For now, while we remain open, our focus is on executing our own strategic plan," Lores added.
#paypal #lores #earlier #execute
2 months ago
