M&A
confidence medium
sentiment neutral
materiality 0.60
StoneX makes unsolicited non-binding proposal to acquire CAB Payments Holdings plc
StoneX Group Inc.
- CAB Payments announced on Oct 10, 2024 it received a non-binding proposal from StoneX for the entire share capital.
- The proposal is unsolicited; there is no certainty that a firm offer will be made or on what terms.
- StoneX issued a Rule 8 announcement to alert its shareholders of UK Takeover Code disclosure obligations.
- CAB Payments entered an offer period on Oct 10, 2024 under the UK Takeover Code.
- StoneX retained Perella Weinberg UK Limited as financial adviser for the possible offer.