Report: StoneX Makes Unsolicited $480 Million Offer for UK CAB Payments

Report: StoneX Makes Unsolicited $480 Million Offer for UK CAB Payments

Thursday, 10/10/2024 | 21:10 GMT by Jared Kirui

  • The revised offer is 145 pence per share, an 18% premium to CAB Payments’ current price of 123 pence. StoneX’s original offer valued CAB Payments ⁢shares at 115 pence per share.

StoneX, an American financial services company, has made an unsolicited $480 million takeover offer for ⁣CAB Payments, just months after the UK-listed company went public. The offer represents a significant premium to CAB Payments’ current share price. StoneX is tracking CAB Payments.

Dow Jones Newswires reported that ‌StoneX⁤ made the latest offer to CAB Payments on ⁣September 23. This was not the first time the US company had contacted the company.


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‍ … StoneX had previously made an⁣ offer ‍to CAB Payments in late July ‌which valued the company at…
‍ ⁢ ‍
‍ … ​review its options before ​deciding on its next move…

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