BUZZ-UK's CAB Payments hits over 3-month low as Stonex pulls out of takeover talks

Reuters

2024-11-07

BUZZ-UK's CAB Payments hits over 3-month low as Stonex pulls out of takeover talks

** Cross-border payments processor CAB Payments' CABP.L shares fall as much as 22% to 83.20p, their lowest since Aug. 5 ** The London's listed-company's U.S. rival Stonex Group SNEX.O pulls out of takeover talks

** CABP says it would drive "attractive, sustainable growth" from 2025

** Stock top pct loser on FTSE Small Cap .FTSC index

** Currently stock down 17.3%, taking YTD gains to ~6%

(Reporting by Megha Kumari in Bengaluru)

((megha.kumari@thomsonreuters.com))

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