Tyro rejects higher bid from Potentia Capital

Tyro Payments

11/12/2022 21:31

Dec 12 (Reuters) - Australian payment terminals firm
Tyro Payments  TYR.AX  on Monday rejected the revised proposal
from private equity firm Potentia Capital of A$1.60 per share
which values the company at A$875 million ($593.43 million).
    The company also flagged that Westpac  WBC.AX  said it will
not submit an offer to Tyro. 
($1 = 1.4745 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru; editing by Grant
McCool)
 ((Navya.Mittal@thomsonreuters.com;))