7th Nov 2024 14:54
CAB Payments Holdings PLC - London-based payment processing and foreign exchange provider - StoneX Group Inc, a New York-based provider of clearing and execution services, says it will not make a takeover offer for CAB Payments. StoneX provides no reason in a stock market statement on Thursday. CAB notes the announcement and says it is "highly confident" in its strategy as a stand-alone company, adding it will provide a 2024 trading update in January. Early last month, CAB said StoneX was considering making an offer at 145 pence per share, which would have valued CAB at just under GBP370 million. CAB had listed in London in 2023 at 335p per share. Read More
