EML Payments (ASX:EML) closes strong amid confirmed acquisition discussions

July 18, 2022 06:02 PM AEST | By Sonal Goyal

Image source: © Timonschneider | Megapixl.com

What's happening in EML lately?

Today (18 July 2022), the ASX-listed software and services company announced that it was in a takeover talks with two parties, and both discussions have ended. The proposals were rejected as the EML board considered the proposals in light of the shareholder's value and interest.

This news came just after two months (on 13 April 2022), when the company confirmed that it did not accept the takeover interest shown by Brian Capital. The company gave the same reason for rejecting the takeover bid of Brian Capital.

Image source: © Andreypopov | Megapixl.com

Historical performance of EML

In last one month, EML's share price has tumbled by 22.89%, while the six-month fall is more than 65%. In last 12 months, the share price has dropped by more than 71% (as of 4:10 PM AEST).

About EML Payments

EML is a payments solutions provider and powers businesses across the globe 24/7, every day. According to the company's official website, AU$19 billion are transacted on the EML platform on an annual basis.

The company operates in 27 countries across 23 currencies and it offers digital account payments, open banking, FX solutions and card payments services.

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