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Tyro Withdraws from Smartpay Deal as Rival Secures Exclusive Cash Offer
3:26am on Monday 2nd of June, 2025 AEST
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Financial Services
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Tyro Withdraws from Smartpay Deal as Rival Secures Exclusive Cash Offer
3:26am on Monday 2nd of June, 2025 AEST
Key Points
Tyro withdraws from Smartpay acquisition process
Smartpay accepts exclusivity with another party's NZ$1.20 per share cash offer
Tyro's due diligence and updated merger proposal cut short
Competitive bidding process highlights sector consolidation pressures
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TYRO PAYMENTS (ASX:TYR)
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