Shift4 has announced it has signed a definitive agreement to acquire Smartpay for NZ$296.4 million, or NZ$1.20 per share. This represents a 46.5% premium to 90 trading day Volume Weighted Average Price. Smartpay sells tailored payment solutions through an extensive distribution network across Australia and New Zealand, supporting a diverse base of more than 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- DA Davidson research director holds a bison roundup conference call
- Shift4 Payments extends previously announced tender offer to acquire Global Blue
- Shift4 Payments: Strategic Leadership Changes and Strong Performance Justify Buy Rating
- Shift4 Payments Announces CEO Transition to Taylor Lauber
- Shift4 Payments names Taylor Lauber as new CEO