Sydney-based Pemba Capital makes takeover proposal for Smartpay at 11% premium

Wed, 30 Aug 2017

By Sophie Boot Aug. 31 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, is considering a proposal from Pemba Capital Partners which would see the Sydney-based investment firm buy all its shares at an 11 percent premium. The company has received the "preliminary, indicative, non-binding and conditional proposal" from Pemba, which is offering 23.5 cents per share for all of the shares, it said in a statement to the NZX. The shares last traded at 21 cents before the offer and rose 4.8 percent to 22 cents when trading...

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