March 16 (Reuters) - Financial services firm StoneX

Group ( SNEX ) on Monday proposed an all-cash acquisition of CAB

Payments ( CABPF ), valuing the cross-border payments provider at

241.4 million pounds ($319.7 million).

StoneX's ( SNEX ) approach follows a series of takeover attempts for

CAB, which earlier rejected a sweetened bid from a Helios-led

consortium.

Here are some key details:

* StoneX's ( SNEX ) 95 pence-per-share ($1.26) proposal represents a

20.25% premium to CAB's closing price on Friday.

* CAB in February rejected a $1.15-per-share bid from the

Helios-led consortium, saying it fundamentally undervalued the

business.

* The London-listed payments firm had also rejected a

$1.05-per-share proposal from Helios in January.

* StoneX ( SNEX ) described the proposal as a "compelling

opportunity" for shareholders to monetize their holdings at a

significant premium.

* StoneX ( SNEX ) had previously explored a deal for CAB, and entered

into discussions in 2024 but ultimately walked away in November

2024 without making a formal offer.

($1 = 0.7554 pounds)