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Helios Consortium's acquisition offer for CAB Payments is seen as "highly opportunistic"
Investing.com – The CAB Payments board has rejected Helios Consortium’s potential acquisition offer, describing it in a statement released on Friday as “highly opportunistic and severely undervaluing the company’s worth.”
The company’s stock price rose 3.2% in London trading following the announcement.
The Helios Consortium must submit a formal acquisition offer for this payments company by March 2.
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