Smartpay Holdings Limited (ASX:SMP) Receives Acquisition Proposals
Acquisition Proposals
Smartpay Holdings Limited has received two conditional, non-binding proposals to acquire 100% of its issued ordinary shares. One proposal is from Tyro Payments Limited, offering NZ$1.00 per share through Tyro shares and cash, and the other is from an international strategic party.
Due Diligence Process
The Smartpay Board has authorized both Tyro and the international party to conduct initial commercial due diligence on a non-exclusive basis. Additionally, Smartpay will perform reciprocal due diligence on Tyro. Both proposals are highly conditional, subject to satisfactory due diligence and the execution of definitive transaction documentation.
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