CAB Payments receives GBP 1.45 per share takeover offer from StoneX

CAB Payments has received a takeover offer from StoneX, valuing the company at GBP 1.45 per share. This proposal highlights StoneX’s interest in acquiring CAB Payments as part of its strategic growth plans. The offer comes amidst a period of increased consolidation in the financial services sector, as companies seek to enhance their capabilities and market presence. Further developments regarding the offer and CAB Payments’ response are anticipated in the coming days.