New Zealand's Smartpay rises on takeover offer

Smartpay Holdings

23/06/2025 24:50

** Shares of Smartpay SPY.NZ rise as much as 5.5% to NZ$1.06, their highest levels since May 5

** Stock marks its biggest intraday pct gain since May 5

** The payment services provider receives takeover offer from U.S.-based Shift4 FOUR.N for NZ$296.4 million ($176.71 million)

** Stock up nearly 60% this year, including the session's move

($1 = 1.6773 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))