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Tyro Payments Explores Acquisition of Smartpay Holdings

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Tyro Payments Explores Acquisition of Smartpay Holdings

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The latest update is out from Tyro Payments Ltd. ( (AU:TYR) ).

Tyro Payments Ltd has confirmed media speculation regarding a potential acquisition of Smartpay Holdings Limited by issuing a non-binding indicative offer to acquire 100% of Smartpay’s issued share capital. The offer includes a combination of Tyro shares and cash, though discussions are still preliminary and there is no certainty of a transaction. Tyro will continue to update the market as required by its disclosure obligations.

More about Tyro Payments Ltd.

Tyro Payments Ltd is a company established in 2003 that specializes in providing payment solutions for over 73,000 merchants across Australia. It offers in-store, online, and mobile payment services, working with more than 700 partners to serve industries such as hospitality, retail, services, and health, along with integrated banking and lending solutions.

YTD Price Performance: -10.43%

Average Trading Volume: 1,192,597

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$385.5M

For an in-depth examination of TYR stock, go to TipRanks’ Stock Analysis page.

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