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SmartPay Holdings Limited ( (DE:KX2) ) just unveiled an announcement.
SmartPay Holdings Limited has announced a proposed scheme of arrangement for the acquisition of all its fully paid ordinary shares by Shift4 Holdings Limited at NZ$1.20 per share. The board of directors recommends shareholders vote in favor of the scheme, provided no superior proposal emerges and the independent adviser maintains that the offer is within or above the valuation range. This acquisition is expected to impact SmartPay’s market positioning by potentially expanding its reach and capabilities under Shift4’s ownership.
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 technologies to businesses, enhancing transaction efficiency and security.
See more insights into KX2 stock on TipRanks’ Stock Analysis page.