CAB Payments secures buyout offer from StoneX

Core Viewpoint - StoneX has made a cash proposal of £241.4 million ($320.6 million) to acquire CAB Payments, offering 95 pence per share, which represents a 32% premium over CAB Payments' closing share price prior to the Helios Consortium's interest announcement [1][2]. Group 1: Acquisition Proposal - The offer from StoneX is 11% higher than the Helios Consortium's confirmed bid of 85 pence ($1.15) per share [2]. - StoneX believes its proposal allows CAB Payments shareholders to realize value in cash above recent trading prices and the existing Helios offer [2]. Group 2: Strategic Rationale - StoneX sees significant complementarity between its Payments business and CAB Payments, suggesting that a combination could create a leading global specialist in Emerging Markets payments [4]. - The company expresses confidence in being the best long-term owner and custodian of CAB Payments, with the potential to unlock additional opportunities for stakeholders [4]. Group 3: Previous Interactions - CAB Payments has previously rejected multiple approaches from Helios, which holds the largest stake in the company [3]. - As of now, neither CAB Payments nor Helios has responded to StoneX's latest acquisition proposal [3].