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Visa increase their bid modestly so will MC reply with a sensible offer?
Bearing in mind many tens of millions of shares were traded on Friday there could be some interesting holding notices due tomorrow.
Could show which way this is going to develop over the next few weeks.
They're all at it - this is a land grab.
https://www.thetimes.co.uk/edition/business/china-tests-may-in-550m-move-for-uk-business-d0638rts6
Behind a paywall - but snippets -
"A Chinese financial services company that was blocked from buying a US money transfer business last year is acquiring World First, a British payments group, in a deal that tests the government’s stance towards foreign takeovers
Neither company disclosed the price that Ant Financial is paying, but it is thought to be about $700 million (£547 million).
“Alipay and World First’s capabilities and international footprints are highly complementary,” a spokesman from Ant Financial said. “The tie-up will add World First’s international online payments and virtual account products to Alipay’s broad range of technology solutions, enabling us to reach a greater number of customers, especially in the fast-growing area of cross border e-commerce."
Sunday Times today -
"TransferWise is poised to sell a stake that would value the digital payments processor at more than £3bn. Founded in London in 2011 by two Estonian entrepreneurs, TransferWise has appointed Goldman Sachs to sell about $200m (£153m) in new shares on behalf of existing investors."
2018 revenue $151M, net profit $8M, transfers $4Bn per month.
https://www.thetimes.co.uk/edition/business/transferwise-worth-3bn-7zxpn6bql
Big rise this morning 6% to 49p maybe next bid on way 50p?
Not much chat lol
Lots of 8.3 RNS's with II's taking positions must be something about to happen ahead of the March 8th deadline
Maybe they were waiting for todays results .
Quite a few chunky trades - 4M+ - coming in towards the close and they appear to be buys.
Isn't the closing date 12th March?
I wouldn't expect Mastercard to leave it until the very last moment, so I guess that means something by Friday 8th.
Action appears to be imminent and the big boys appear to be betting on a higher offer.
Fingers crossed.