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Smartpay Locks in Exclusivity for NZ$1.20 Per Share Buyout Bid
3:30am on Monday 2nd of June, 2025 AEST
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Financial Services
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Smartpay Locks in Exclusivity for NZ$1.20 Per Share Buyout Bid
3:30am on Monday 2nd of June, 2025 AEST
Key Points
Smartpay received multiple conditional, non-binding proposals for full acquisition
Board agreed to exclusivity with one international strategic party until 9 June 2025
Revised offer values Smartpay shares at NZ$1.20 (A$1.12) per share in cash
Exclusivity restricts engagement with other proposals until 25 May, then allows superior offers
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