Dear client
The boards of Corpay and Alpha have agreed on the terms of a recommended cash acquisition by Corpay of Alpha's entire issued and to be issued share capital, to be implemented via a Court-sanctioned scheme of arrangement or, alternatively, a Takeover Offer.
Under the terms of the Acquisition, each Alpha Shareholder will be entitled to receive:
for each Alpha Share: 4,250 pence in cash
The Acquisition Price values the entire issued and to be issued ordinary share capital of Alpha at approximately £1,805 million on a fully diluted basis, and represents a premium of approximately:
- 55% to Alpha's undisturbed share price of £27.45 per share as of 1 May 2025 (the last Business Day before Corpay announced discussions with Alpha regarding a possible cash offer), and
- 71% to Alpha's volume-weighted average price of £24.81 per share for the one-month period ended 1 May 2025.
The terms of the Acquisition imply an enterprise value of Alpha of £1,610 million.
The Scheme Document for Corpay’s proposed acquisition of Alpha is expected to be published within 28 days, with shareholder meetings scheduled for 2 September 2025. Subject to approvals, the Scheme is anticipated to become effective in Q4 2025.
Please see link to the notification received: https://www.londonstockexchange.com/news-article/market-news/recommended-cash-acquisition-of-alpha-group/17148342
There are currently no shareholders on the platform.
Kind regards
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article