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Highlights

  • Tyro Payments has received takeover proposals from multiple parties in recent months.

  • The company stated that current interest does not reflect its view of intrinsic value.

  • Shares rose as much as 12.8% to their highest level since February 2024 following the update.

Tyro Payments Limited (ASX:TYR) announced on Wednesday that it has received takeover approaches from multiple parties in recent months. The disclosure comes after the company’s shares were placed in a trading halt on the Australian Securities Exchange (ASX) during the previous session, prompting market speculation.

The payments provider said the offers received so far were not considered representative of its intrinsic value. However, the company indicated it remains open to engaging with proposals that deliver sufficient value to its shareholders. Tyro did not reveal the names of the interested parties or disclose any financial terms related to the approaches.

On Wednesday, Tyro’s share price rose as much as 12.8% to reach its highest level since February 2024, before closing higher for the session. The share price movement followed a more than 10% gain on Tuesday prior to the trading halt. According to LSEG data, Tyro’s market capitalisation currently stands at AUD 565.77 million.

The trading halt was initiated on Tuesday after the ASX issued a price query to the company. Tyro responded by confirming that it was aware of a matter that had been kept confidential and required additional time to prepare an appropriate announcement. The company said it would provide further details during the course of the halt.

In April 2025, The Australian Financial Review reported that U.S.-based fintech Stripe had engaged in preliminary discussions with Tyro, citing unnamed sources familiar with the matter. Tyro has not confirmed any details regarding those talks.

The company’s share price has seen fluctuations over the past two years. In 2023, private equity firm Potentia Capital withdrew a takeover bid that had valued Tyro at AUD 875 million, which contributed to heightened volatility in its stock performance.

Tyro’s announcement did not include a timeline for further updates regarding the takeover interest. The company’s position remains that any proposal will be assessed based on its ability to provide adequate value to shareholders, and no assurance has been given that any transaction will occur.

The developments come amid broader interest in the Australian fintech sector, where payments companies have attracted domestic and international suitors due to their technology platforms and customer bases.

Tyro Payments, founded in 2003, provides EFTPOS services, business banking solutions, and payment processing systems for merchants across Australia. Its customer base spans sectors including hospitality, retail, and health.

The company’s next scheduled communication to the market is expected to address the outcome of its engagement with interested parties and any subsequent strategic decisions.