iou financial said friday that it has agreed to be acquired by a group composed of funds managed by neuberger berman palos capital and fintech ventures the canadian financial services company said that 94943677 quebec inc the corporation created by the group to buy iou financial will pay an allcash consideration of 22 canadian cents 17 cents a share the price per share represents an 83 premium to thursdays closing price iou financials stock has had a rough ride in 2023 closing on thursday at c012 cents down over 27 yeartodate the transaction is expected to be completed by way of a courtapproved plan of arrangement in the third quarter