Alpha Group International has announced that its shareholders voted today to approve the acquisition of Corpay Inc.
The court meeting and the General Assembly were held earlier today in relation to the acquisition and:
- The required majority of the regime’s shareholders voted to approve the system at the court meeting. and
- The required majority of Alpha shareholders voted to approve the special resolution at the General Assembly.
On July 23, 2025, Alpha and Corpay boards announced jointly that they had reached an agreement on the terms of a recommended acquisition, according to which they would acquire the entire court and issued a usual Alpha shares.
Under the terms of the acquisition, each Alpha shareholder will be entitled to receive 4,250 cash pennies for each alpha share.
The prices of acquisition prices of the entire issued and issued by Alpha’s usual shares at about 1,805 million pounds on a fully diluted basis and represent a premium:
- 55% in Alpha’s undisturbed share price of £ 27.45 per share on 1 May 2025 (which was the last business day before Corpay announcement on May 2, 2025 that it was in discussions with Alpha compared to a possible cash supply for Alpha). and
- 71% in Alpha’s volume price of £ 24.81 per share for the one month ended May 1, 2025.
The terms of the acquisition indicate an alpha business value of £ 1,610 million.
Following today’s vote, the system remains subject to sanctions by the court at the court hearing, which is expected to take place in the fourth quarter of 2025 and the satisfaction (or, if it is capable of resigning, resigning) to the other conditions in the plan. Without prejudice to the system that receives the ratification of the court on that date, the system is expected to enter into force in the fourth quarter of 2025.