Alpha Group extends Corpay takeover deadline for second time.
Fintech and consultancy group Alpha has announced that it has extended the 'put up or shut up' deadline for American business payments and expense management firm Corpay by two and a half weeks.
Corpay Inc
07 July 2025 09:09:31
Source: Sharecast
Corpay now has until 24 July to either announce a firm intention to make an offer or walk away.
This is the second extension of the takeover deadline after the company received a "preliminary and conditional all-cash proposal" from Corpay on 6 May.
"The board of Alpha has held constructive discussions with Corpay, which are advancing, and believes that it is in the best interests of shareholders to continue this engagement," a statement by Alpha said on Monday.
Shares were 1.4% higher at 3,335p by 0904 BST.
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