CAB Payments Holdings PLC (LSE:CABP) put a brave face after the decision by StoneX to drop its proposed takeover offer though investors took a different view knocking more than 20% off the value of the money exchange group.
In a brief statement, CAB Payments said that though StoneX no longer intends to make an offer, it remains pleased with the strategic progress it is making.
Shares dropped 21.5p to 85p. CAB Payments floated in July 2023 at 310p.