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Helios Investment Maintains Takeover Offer After CAB Payments Dividend

MT Newswires·08/13/2026 03:14:55
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03:14 AM EDT, 08/13/2026 (MT Newswires) -- Helios Investment Partners said Thursday that it will not lower its $1.15-per-share takeover offer for CAB Payments (CABP.L) after the British payment services company announced its inaugural interim dividend. Under the terms of the offer, Helios reserved the right to reduce the consideration by an amount up to the amount of any dividend. CAB Payments on Aug. 6 declared an inaugural interim dividend of 0.021 pound sterling per share. Helios noted it has so far received support from shareholders representing 52.42% of CAB Payments' entire share capital. Helios' Helios Fund III owns or controls a 45.11% stake in CAB Payments.