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Why Shift4’s $1.20 Cash Offer for Smartpay Commands a 46.5% Premium

7:39am on Monday 23rd of June, 2025 AEST Financial Services
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Why Shift4’s $1.20 Cash Offer for Smartpay Commands a 46.5% Premium

7:39am on Monday 23rd of June, 2025 AEST
Key Points
  • Shift4 to acquire Smartpay at NZ$1.20 per share in cash
  • 46.5% premium over 90-day volume weighted average price
  • Implied equity value of NZ$296.4 million
  • Unanimous board recommendation and major shareholder support
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