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SmartPay Holdings Limited ( (DE:KX2) ) has provided an announcement.
SmartPay Holdings Limited held a special Scheme meeting to discuss a proposed scheme of arrangement following unsolicited acquisition proposals. The board recommended shareholders vote in favor of a proposal from Shift4 Payments to acquire all shares at NZ$1.20 each, citing it as the most compelling value option. The scheme promises a significant premium over pre-announcement share prices and offers shareholders a chance to realize cash value while mitigating future operational risks. The board unanimously supports the scheme, with substantial shareholder Microequities also backing it, and anticipates completion by November 2025, pending necessary approvals.
More about SmartPay Holdings Limited
SmartPay Holdings Limited operates in the financial technology industry, focusing on providing payment solutions and services. The company is known for its electronic payment systems and has a significant market presence in New Zealand and Australia.
For a thorough assessment of KX2 stock, go to TipRanks’ Stock Analysis page.