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SmartPay Holdings Limited ( (DE:KX2) ) has shared an update.
Smartpay Holdings Limited has entered into a Scheme Implementation Agreement with Shift4 Payments, LLC, under which Shift4 will acquire all shares in Smartpay for NZ$1.20 per share in cash. This acquisition represents a 46.5% premium over Smartpay’s recent trading average and is valued at approximately NZ$296.4 million. The Smartpay Board recommends the scheme as it offers compelling value and certainty for shareholders, while also mitigating risks associated with executing Smartpay’s strategic plan. The transaction is subject to shareholder approval, regulatory consents, and other customary conditions, with a special meeting expected in Q3 2025.
More about SmartPay Holdings Limited
Smartpay Holdings Limited operates in the payment processing industry, providing payment solutions primarily in Australia and New Zealand. The company focuses on being a leading payments partner by investing in and scaling its existing business operations in these regions.
For detailed information about KX2 stock, go to TipRanks’ Stock Analysis page.