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NEW YORK - Corpay Inc. has publicly acknowledged ongoing discussions regarding a potential acquisition of Alpha Group International plc, following recent speculation in the media. The financial payments company is considering a cash offer for the entire issued and to be issued share capital of Alpha Group, a move that could significantly alter the landscape of the sector.
As stipulated by the City Code on Takeovers and Mergers, Corpay must, by 5:00 p.m. London time on May 30, 2025, either declare a definitive intention to bid for Alpha or state that it will not pursue the offer. This deadline may be subject to extension with the approval of The Panel on Takeovers and Mergers, as per the regulatory framework.
Corpay has also indicated that it retains the flexibility to adjust the form and structure of the potential offer, which could involve varying the mix or composition of consideration beyond a straightforward cash transaction.
The announcement, which contains inside information, was made without Alpha’s consent and underscores the preliminary nature of the discussions. No certainty exists that Corpay will proceed with a firm offer or the terms that might be proposed.
Investors and stakeholders are advised to await further announcements for concrete information, as the situation remains fluid and subject to change.
This news report is based on a press release statement and aims to provide a factual account of Corpay’s potential offer for Alpha Group without endorsing any claims or predicting outcomes.
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