Aug 7 (Reuters) - The previously announced acquisition

of Britain's Argentex ( AGXTF ) by cross-border payments provider

IFX Payments has been terminated after the currency risk

management business entered administration last month, the

companies said on Thursday.

The companies had agreed to an emergency 3 million pound

($4 million) takeover in April after Argentex ( AGXTF ) was rocked by

swings in the currency markets triggered by U.S. tariffs.

However, Argentex ( AGXTF ) told the market on July 17 that its

liquidity position had deteriorated further and it would pause

any further commercial and trading activity. It appointed

administrators the following week.

Shares in the company have been suspended on the London

Stock Exchange's junior AIM market since July 17. They could be

cancelled if Argentex ( AGXTF ) does not appoint a nominated adviser,

required for all AIM listed companies, by August 31, Argentex ( AGXTF )

said in its statement on Thursday.

($1 = 0.7477 pounds)