SmartPay shareholders won’t sell for $1, analysts say

Payments company SmartPay is listed on both sides of the Ditch. (Image: Supplied)

Thu, 20 Mar 2025

Australian analysts think Tyro Payments' $1 per share offer to buy SmartPay will fall short of shareholders' valuations.On Monday, the New Zealand Exchange (NZX) and Australian Securities Exchange-listed (ASX) terminals and payments provider confirmed it is considering “preliminary only and highly conditional” takeover bids from two companies. The only company to be disclosed was Tyro Payments, which proposed to buy 100% of the firm for $1 a share, a 58% premium over Friday's closing price of 63c.Shares rose 34.9% a...

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