Mobile donations company Pushpay Holdings has confirmed it has received a fresh takeover offer at a premium to its last closing share price.
The company's shares were placed in a trading halt last Monday afternoon following a report by The Australian Financial Review, speculating that BGH Capital had made another offer for the company, five months after it secured a 20 percent stake in Pushpay.
Pushpay said it was aware of the speculation and confirmed it was considering whether a revised non-binding offer was in the best interests of its shareholders.
The latest offer would value Pushpay at more than $1.3 billion, given Friday's closing price of $1.15 a share.
Pushpay previously confirmed two of its biggest shareholders, US investment firm Sixth Street, and BGH [https://www.rnz.co.nz/news/business/467764/takeover-bid-for-pushpay-in-the-offing
were lining up a possible bid].
Shares in mobile payments company slumped last month following media speculation that the potential deal was close to collapse, driving down its share price to a near five-month low of $1.10.
However, the company's stock was up 3.5 percent or by four cents to $1.19, when it was placed in a trading halt late Monday afternoon.
