On Wednesday, Argentex confirmed that she is in “advanced discussions” with IFX payments on a possible acquisition offer.
In a statement, the Currency Risk Management Company said it had received proposals of three potential bidders: IFX payments, LUMON acquisitions (vehicle on pollen street), and Terry Klon with Harry Adams.
However, the council “unambiguously rejected” the proposed proposals from LUMON and Clun/Adams, while it continues in conversations with IFX payments on a possible full acquisition.
Argentex warned not to make any fixed offer and “there can be no certainty” that the deal will make it.
Argentex has revealed that she is also discussing with IFX payments on a dam loan to treat “liquidity needs close to duration”.
The company said that the finishing touches on the loan is crucial to its continuous dissolution.
The update follows the Argentex version on Tuesday. The company requested a commercial comment after warning that reducing the value of the US dollar, associated with policy advertisements made by President Trump, has led to great calls from the margin to attackers and its options in FX.
These developments caused a “rapid and important decrease” in the short -term liquidity of the company.
Argentex said that the discussions continue with its main liquidity provider, and without immediate support, the company will have to take it Immediate steps to secure the future of the company and protect the value in the business of the company’s creditors and the owners of other interests.“
Under the UK acquisition of the IFX Payments until 5:00 pm on May 20 to announce a strong intention to provide bids or walk away.