Smartpay sale to Verifone off
The $70m deal has fallen over with Smartpay rejecting new terms.
The sale of Eftpos equipment provider Smartpay’s New Zealand business to US-based Verifone is off.
Verifone notified the Kiwi firm yesterday that the $70 million deal was not going ahead due to one or more conditions not being met by the due date, Smartpay told the NZX.
A key condition was
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