SmartPay Holdings Limited ( (DE:KX2) ) has provided an update.
Tyro Payments Limited has made a non-binding indicative offer to acquire Smartpay Holdings Limited, proposing to purchase 100% of Smartpay’s issued share capital at NZ$1.00 per share, primarily through Tyro shares with a cash component. The discussions are in preliminary stages, and there is no certainty of a transaction occurring. This potential acquisition could significantly impact Tyro’s market positioning by expanding its reach and capabilities in the payment solutions industry.
More about SmartPay Holdings Limited
Tyro Payments Limited, established in 2003, is a leading provider of payment solutions in Australia, serving over 73,000 merchants with in-store, online, and mobile payment services. The company collaborates with more than 700 partners to offer integrated banking and lending solutions, catering to sectors such as hospitality, retail, services, and health.
YTD Price Performance: -4.07%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €80.19M
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