By Sabela Ojea
Shares in Wameja Ltd. rose in early trade Thursday after the company said that it has agreed to a 96.9 million-pound ($126 million) takeover by Mastercard Inc. through its subsidiary Burst Acquisition Co. Pty. Ltd.
Accepting Wameja shareholders will get 8 pence a share, a 39% premium to its closing share price of 5.75 pence in London on Wednesday. Wameja shares in London at 0845 GMT were up 1.80 pence, or 31%, at 7.55 pence.
The payment-solutions provider---which is a joint-venture partner with Mastercard Inc. in the Homesend cross-border transfer network--said that the deal is unanimously recommended by the board.
The deal also has the support of Lombard Odier Asset Management (Europe) Ltd. which owns 23.5% of Wameja's issued share capital.
The takeover is conditional upon a number of approvals, including the Australian Foreign Investment Review Board and the National Bank of Belgium.
Write to Sabela Ojea at firstname.lastname@example.org; @sabelaojeaguix