Can’t win them all, even Fleetcor. After successfully buying out rival Comdata early this year, Fleetcor was not able to pick up Cabcharge, after the company received a letter of interest from the U.S.-listed group.
Cabcharge said FleetCor Technologies’ letter did not contain any specific financial offer and after considering the options available to Cabcharge, the board chose not to pursue the offer.
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The taxi account services company issued a release responding to reports in The Australian Financial Review that Cabcharge had received a half-a-billion dollar offer from U.S.-based FleetCor Technologies.
The company said it was not aware of the source of the “$500 million” figure reported in the original Australian Financial Review article.
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