StoneX Raises Takeover Bid for CAB Payments as Board Signals Support | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
StoneX Group has tabled an increased possible cash offer for London-listed cross-border payments firm CAB Payments at 110 pence per share, up from its previous proposal of 95 pence, valuing the company at approximately £287 million.
CAB Payments’ independent board said the revised non-binding proposal had been received on 9 April, and that it would be minded to recommend the offer to shareholders should StoneX proceed with a firm intention to make an offer on the same financial terms under Rule 2.7 of the Takeover Code.
The proposed price represents a premium of 52% to CAB Payments’ undisturbed closing share price of 72 pence on 30 January 2026, the last trading day before the Helios Consortium first announced a possible rival offer.
It also represents a 29% premium to the Helios Consortium’s own firm offer price.
The independent board called on the Helios Consortium to engage constructively with both the company and StoneX, stating its belief that the increased offer would be in the best interests of all shareholders, including minority holders.
The offer remains subject to pre-conditions, including the completion of confirmatory due diligence and the receipt of irrevocable undertakings from CAB Payments directors and key shareholders. StoneX has confirmed the 110 pence price is final, subject to limited exceptions.
