Published: February 2, 2026 at 5:04 pm
The independent board of CAB Payments has rejected a second takeover approach from investor Helios Consortium.
This morning we reported how Helios was considering making an improved £213 million bid for the London-listed FinTech.
Helios Consortium saw a $1.05-per-share offer for CAB Payments rebuffed last month and said it was seeking recommendation for an improved $1.15-per-share bid.
That would represent a 21% premium to the volume weighted average share price for the 30-day trading period ended 30th January 2026; and a 37% premium to the 90-day average.
However CAB said its board members excluding Nitin Kaul and Henry Obi CBE – who represent the interests of Helios – had rejected the approach.
“It unanimously concluded that the proposals are highly opportunistic and fundamentally undervalue CAB Payments and its future prospects. Accordingly, the proposals have been rejected,” CAB stated.