0342 GMT - Australia's Tyro Payments is likely to face competition from global payments consolidator Shift4 in its attempt to acquire Smartpay, Wilsons analysts reckon. Tyro has proposed offering Smartpay shareholders a 70% premium to the stock's last closing level in an effort to take full ownership of its local payments peer. The Wilsons analysts point out in a note to clients that Smartpay has already received an indicative proposal from an unidentified international party. They say they have reasons to believe that Shift4 is that suitor, but don't detail any specific supporting evidence. Smartpay's Australia-listed shares are up 49% at A$0.7875. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 16, 2025 23:42 ET (03:42 GMT)
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