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The Helios Consortium raised its bid for CAB Payments to $1.15 per share, but CAB called it undervalued amid strong financial results and strategic growth.
The Helios Consortium raised its possible acquisition offer for CAB Payments Holdings PLC to $1.15 per share, a 9.5% increase from its prior bid, valuing the company at about $292 million.
CAB rejected the offer as a "fundamental undervaluation," citing strong financial performance, including expected 2025 income of £119 million and positive EBITDA growth driven by client expansion and higher transaction volumes.
The company also highlighted strategic advances, such as a new global clearing partnership and a financial services license in Abu Dhabi.
The consortium, holding over 50% of shares, must decide by late March whether to make a formal offer, with a partial unlisted share option available.
CAB’s shares rose 8% to 78.00 pence, valuing the firm at £198.2 million.
The company is set to release its 2025 results on March 5.
El Consorcio Helios elevó su oferta por CAB Payments a $1.15 por acción, pero CAB la calificó de subvaluada en medio de fuertes resultados financieros y crecimiento estratégico.