1235 ET - Shift4 Payments' rumored interest in a point-of-sale solutions provider is consistent with its M&A strategy, say D.A. Davidson's Peter Heckmann and Allison Heckmann in a research note. The analysts note that an Australian media outlet reported that the payments processor is interested in acquiring Smartpay. "We view the potential acquisition of Smartpay as very consistent with Shift4's M&A strategy to build the customer acquisition funnel by acquiring providers of older POS solutions and/or verticalized automation software," the analysts say. Any deal would come after Shift4 struck a deal for Global Blue Group, a tax-free shopping services provider, as first reported by WSJ. Shares tick up 0.4%. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 17, 2025 12:35 ET (16:35 GMT)
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