Alpha International Group said on Tuesday that it refused an approach to acquisition from Corpay Inc. The United States, which confirms that the Board of Directors unanimously rejected a preliminary proposal for all banks to obtain the listed FTSE 250.
In a statement, Alpha said that she carefully reviewed the conditional proposal with her financial advisers before they decided to reject the offer. The company did not reveal financial details about the Corbay offer.
Corpay, a provider of commercial payments and spending solutions, has previously confirmed that it was in discussions with Alpha regarding possible acquisition, after media speculation.
However, it appears that the Alpha Council feels that the proposal is not in the interest of shareholders.
Under the acquisition rules in the United Kingdom, in front of Corbay now until 5 pm on May 30, either a fixed offer or declares that he does not intend to follow up.
“There is no certainty that a offer will be made,” Corbay said in its special statement last week.
Alpha, a London -based financial services company that specializes in managing foreign exchange risks, said it will provide other ads if appropriate.