Alpha Group International Gives Corpay More Time to Submit Takeover Bid

Dow Jones

05/30

By Cristina Gallardo

Alpha Group International extended the deadline for Corpay to submit a takeover bid.

The London-listed financial services business said Friday that Corpay would now have until July 7 to submit a firm offer or walk away under U.K. Takeover Panel rules. The previous deadline was May 30.

On May 2, corporate payments company Corpay confirmed talks with Alpha Group International regarding a possible cash offer. Four days later, Alpha Group International turned it down.

On Friday, Alpha Group International said it believes that it is in the best interests of shareholders to continue engagement with Corpay.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

May 30, 2025 02:33 ET (06:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The previous deadline was May 30. \n\n\n  On May 2, corporate payments company Corpay confirmed talks with Alpha Group International regarding a possible cash offer. Four days later, Alpha Group International turned it down. \n\n\n  On Friday, Alpha Group International said it believes that it is in the best interests of shareholders to continue engagement with Corpay. \n\n\n \n\n\n  Write to Cristina Gallardo at cristina.gallardo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 30, 2025 02:33 ET (06:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}