There’s no shortage of winners from Verafin’s pending sale to Nasdaq, and one of the big ones is the government of Newfoundland and Labrador. The provincial government may haul in $100 million from the deal at a time when it could really use the cash.
St. John’s-based Verafin, the anti-fraud software maker, agreed last month to be taken over by Nasdaq, for US$2.75 billion in cash. They also agreed that the merged company would continue to grow the anti-fraud and anti-money-laundering software business in St. John’s under Verafin’s current management.
A big chunk of that money is going to