Tyro Payments Ltd. ( (AU:TYR) ) has issued an update.
Smartpay Holdings Limited has received two conditional, non-binding proposals for acquisition. One proposal is from Tyro Payments Limited, offering to acquire all shares through a scheme of arrangement with a mix of Tyro shares and cash, while the other is from an international strategic party. Both proposals are preliminary and subject to due diligence. Smartpay’s board has allowed both parties to conduct initial due diligence to assess and potentially improve their offers. There is no certainty of a binding offer or transaction, and shareholders are advised that no action is required at this time.
More about Tyro Payments Ltd.
YTD Price Performance: -10.43%
Average Trading Volume: 1,192,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$385.5M
See more data about TYR stock on TipRanks’ Stock Analysis page.