StoneX Group Inc. (NasdaqGS:SNEX) proposed to acquire CAB Payments Holdings Limited (LSE:CABP) for £241 million on March 15, 2026. As cash consideration £0.95 per share in cash was paid towards the equity shares of CAB Payments Holdings Limited.
The transaction is subject to consummation of due diligence investigation. The unanimous and unconditional recommendation of our Proposal by the Board of CAB Payments to its shareholders and receipt of hard irrevocable undertakings from each CAB Payments director, the Helios Consortium and Eurocomm Holding Limited, committing to support our Proposal. The Board of Directors of CAB Payments Holdings Limited formed a special committee for the transaction.
David Wyles, Timm Schipporeit, Edyta Lipka and Adnan Choudhury of Perella Weinberg Partners LP acted as financial advisor for StoneX Group Inc. James Woolf, Aamir Khan, Anusuya Nayar and Michael Hart of Barclays Bank PLC acted as financial advisor for CAB Payments Holdings Limited. Kunal Gandhi, Tom Murphy and Tihomir Kerkenezov of Fenchurch Advisory Partners LLP acted as independent financial advisor for independent board of CAB Payments Holdings Limited. Allen Overy Shearman Sterling LLP acted as legal advisor for CAB Payments Holdings Limited. Chris Baird, Kamalini Hull and Luke Spells of Investec Bank plc acted as Financial Advisor and joint Corporate broker for CAB Payments Holdings PLC. Toby Gibbs, Malachy McEntyre, Oliver Jackson and Harry Davies-Ball of Shore Capital acted as joint broker for CAB Payments Holdings PLC. Edward Bridges and Katherine Bell of FTI Consulting LLP acted as PR adviser for CAB Payments Holdings PLC.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through digital platforms, end-to-end clearing and execution services, high-touch service, and expertise. Its segments include Commercial, Institutional, Self-Directed/Retail, and Payments. The Commercial segment comprises the activities associated with the identification, management, hedging and monitoring of various commodity and financial risks faced by commercial entities in their business cycles. It provides institutional clients with a suite of equity trading services to help them find liquidity with execution, as well as prime brokerage in equities and various foreign currency pairs and swap transactions. It provides its retail clients around the world access to over 18,000 global financial markets. It provides customized payment, technology and treasury services to banks, charities, and others.
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