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UK's CAB Payments rejects StoneX's $320 million takeover offer

ReutersMar 20, 2026 7:55 AM

March 20 (Reuters) - British cross-border payments processor CAB Payments CABP.L said on Friday that it has rejected the recent all-cash offer from financial services firm StoneX SNEX.O, saying the proposal undervalues the company and its future prospects.

In all, the firm has received three takeover proposals so far, mainly from a Helios-led consortium and StoneX.

StoneX's recent 95 pence-per-share proposal valued CAB Payments at 238.6 million pounds ($319.8 million).
Prior to StoneX's offer, CAB rejected two proposals from a Helios-led consortium, the latest offer being $1.15 per share.
Shares of CAB payments have gained 25% since the first proposal from the Helios-led consortium on January 24.
London-listed payments firm's weak valuations have been attracting suitors, including StoneX, which walked away from acquisition talks in November 2024 without making an offer.

($1 = 0.7460 pounds)

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