An announcement from SmartPay Holdings Limited ( (DE:KX2) ) is now available.
Smartpay Holdings Limited has received two conditional, non-binding proposals for acquisition, one from Tyro Payments Limited and another from an international strategic party. Both proposals aim to acquire 100% of Smartpay’s shares, with Tyro’s offer involving a mix of Tyro shares and cash. The Smartpay Board is allowing both parties to conduct initial due diligence to assess and potentially improve their proposals. However, there is no certainty that these proposals will lead to a binding offer, and shareholders are advised that no immediate action is required.
More about SmartPay Holdings Limited
Smartpay Holdings Limited operates in the financial technology industry, providing payment solutions and services. The company focuses on offering innovative payment processing systems primarily in New Zealand and Australia.
YTD Price Performance: -4.07%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €80.19M
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