Corpay reports satisfaction of regulatory requirements for acquisition of Alpha

Corpay (CPAY) announced along with Alpha Group International, the satisfaction of regulatory conditions for the previously announced acquisition of Alpha. In addition to the Alpha shareholder approval received on September 22, the companies have received the approval of the FCA, MFSA and the Italian FDI Authority. While the completion of the acquisition remains subject to the satisfaction of the remaining conditions set out in the scheme document, Alpha and Corpay now expect to proceed to complete the acquisition at the end of October. The next step is the court hearing, which has been scheduled for October 28. Subject to the satisfaction of the remaining conditions, the effective date for the acquisition is expected to be October 31.