Smartpay Holdings Limited (NZSX:SPY, ASX:SMP, “Smartpay” or “the Company”) has entered into a Scheme Implementation Agreement (“SIA”) under which Shift4 Payments, LLC (“Shift4”), or wholly-owned subsidiary, will acquire all of the shares in Smartpay for NZ$1.20 per share in cash, by means of a scheme of arrangement under Part 15 of the Companies Act 1993 (the “Scheme”). Shift4 is an American payment processing business.
Please see attached announcement.
The next RBNZ decision is July 9.
The Kiwi dollar struggling to gain any traction.
The bidder is New York Stock Exchange-listed Shift4.
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