StoneX abandons possible offer for CAB Payments Holdings plc

StoneX Group Inc.

Announced November 7, 2024 it no longer intends to make an offer for CAB Payments.
CAB Payments disclosed on Oct 10 that it received an unsolicited non-binding proposal from StoneX.
StoneX is bound by Rule 2.8 of the UK Takeover Code for six months, with standard carve-outs.
StoneX reserves right to re-engage if CAB Payments board agrees, third party bids, or material change occurs.

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