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Jan 27 (Reuters) - Australia's Tyro Payments (TYR) has offered Potentia Capital access to its books for four weeks, the payment terminals firm said on Friday, more than a month after it rejected the private equity firm's A$875 million ($593 million) buyout proposal.
The due diligence will enable Potentia "to develop a significantly improved proposal and confirm the necessary funding commitments attached to any possible future offer," Tyro said.
Potentia first offered to buy Tyro for A$1.27 per share in September and then improved its offer to A$1.60 in December.
Tyro rejected both the offers saying they undervalued the company.
News: TYR UPDATE 1-Australia's Tyro Payments offers suitor Potentia access to books
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Last
83.5¢ |
Change
0.015(1.83%) |
Mkt cap ! $441.1M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 85.0¢ | 82.0¢ | $902.4K | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21605 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 29150 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| TYR (ASX) Chart |