Tyro Payments posts worst week in 5 months after Potentia pulls out

Tyro Payments

26/05/2023 06:40

** Shares of Australia's Tyro Payments  TYR.AX  plunged
24.4% so far this week, posting its worst week since Jan. 1 
    ** Payment terminals firm on Monday said private-equity firm
Potentia Capital walked away from its buyout proposal for Tyro 
    ** Tyro had rejected Potentia's A$1.60 per share offer in
December that valued it at A$875 mln ($593.51 mln)
    ** Shares are flat on Friday 
    ** Stock have fallen 0.77% so far this year, as of last
close 
    



($1 = 1.4743 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))