UK's CAB Payments rises after StoneX raises takeover bid

Cab Payments Holdings

16/04/2026 08:36

** Shares of cross-border payments processor CAB Payments CABP.L climb as much as 11.5% to 97.6p following a sweetened takeover offer

** Latest offer from StoneX values CABP at roughly 287 million pounds ($389.4 million), the company says

** StoneX Group outlines possible cash proposal of 110p per share, higher than previous offer of 95p per share

** Shares hit highest point since November 2024

** YTD, stock is up ~55%

($1 = 0.7370 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))