Tyro Payments climbs after granting due diligence to Potentia

Tyro Payments

27/01/2023 24:16

** Shares of Tyro Payments  TYR.AX  rise as much as 7.7% to
A$1.610, hitting their highest since Dec. 6
    ** The fintech firm offered Potentia Capital access to its
books for four weeks to develop a "significantly improved"
proposal 
    ** TYR in December had rejected the private equity firm's
A$875 mln ($622.48 mln) buyout offer 
    ** Stock posts its best session since Jan. 16 
    ** In 2022 stock tumbled 50.6%     
($1 = 1.4057 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))