March 20 (Reuters) - British cross-border payments

processor CAB Payments ( CABPF ) said on Friday that it has

rejected the recent all-cash offer from financial services firm

StoneX ( SNEX ), saying the proposal undervalues the company and

its future prospects.

In all, the firm has received three takeover proposals so

far, mainly from a Helios-led consortium and StoneX ( SNEX ).

* StoneX's ( SNEX ) recent 95 pence-per-share proposal valued CAB

Payments ( CABPF ) at 238.6 million pounds ($319.8 million).

* Prior to StoneX's ( SNEX ) offer, CAB rejected two proposals from a

Helios-led consortium, the latest offer being $1.15 per share.

* Shares of CAB payments have gained 25% since the first

proposal from the Helios-led consortium on January 24.

* London-listed payments firm's weak valuations have been

attracting suitors, including StoneX ( SNEX ), which walked away from

acquisition talks in November 2024 without making an offer.

($1 = 0.7460 pounds)

(Reporting by Rishab Shaju in Bengaluru; Editing by Mrigank

Dhaniwala)