Alpha International Group said on Friday that it will continue to discuss discussions with US -based CORPAY on a possible acquisition, and has received an extension to the Corbay’s deadline to make an official offer.
In a statement, Alpha Board of Directors confirmed that he recently had talks with Corpay and believed that it is in the interest of shareholders to remain participation with the payments company and risk management.
Under the acquisition of the UK acquisition, Corpay was asked to either make a fixed offer or move away by 5 pm on May 30.
However, after a request from Alpha, the acquisition committee granted an extension to the deadline of PUSU.
Corpay must now issue an advertisement no later than 5 pm on July 7, 2025. The deadline can be extended with the approval of the acquisition board.
Alpha, a group of financial services specialized in currency risk management, revealed earlier this month that it had received an initial approach from Corpay.
The company said it would issue an additional update as necessary.
In recent weeks, stocks have risen on the speculation of a possible deal. Earlier this month, it was reported that Corbay, based in the United States, TPG cooperated to acquire Avidxchanga in a $ 2.2 billion -inscriptions deal.