Response to Media Speculation
EML Payments Limited (ASX: EML) notes media speculation this morning in the Australian Financial Review regarding takeover interest by Bain Capital.
EML confirms that earlier in the year it was in discussions with Bain Capital regarding a potential change of control proposal. Those discussions have now ceased.
The Board of EML will always consider proposals presented to the company and is fully committed to acting in the best interests of, and maximising value for, EML shareholders.
EML appointed Goldman Sachs as its financial adviser and Herbert Smith Freehills as its legal adviser.