BUZZ-Cantaloupe rises after Reuters report company exploring options including sale
ReutersFeb 25, 2025 7:26 PM
Shares of payments firm Cantaloupe CTLP.O jump as much as 9.8%; last up 4% at $10.76
CTLP is exploring strategic options, including a potential sale or a go-private transaction, Reuters reports, citing four people familiar with the matter
Company is working with investment bankers at JPMorgan Chase JPM.N on the strategic plans
CTLP, previously known as USA Technologies, has a market cap of $755.9 million as of last close, according to data compiled by LSEG
Company offers digital payments technology and software to companies providing self-service offerings, such as vending machines, car washes and arcades
Founded in 1992, the firm went public in 1995 and was approved for listing on Nasdaq in 2007
As of last close, CTLP up 8.8% YTD
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