Cantaloupe Acquisition Faces Regulatory Scrutiny and Leadership Shift

The proposed acquisition of Cantaloupe by 365 Retail Markets has encountered significant delays, pushing the expected completion timeline into the first half of 2026. This substantial postponement stems from an extended antitrust review initiated by the U.S. Federal Trade Commission, creating uncertainty for investors awaiting the $848 million transaction’s finalization.

On September 17, the FTC issued a formal request for additional documentation regarding the merger, triggering what is commonly known as a “Second Request” under the Hart-Scott-Rodino Act. This development represents a substantial regulatory hurdle that has dramatically altered the acquisition schedule. The buyout terms would provide shareholders with $11.20 per share, representing a 34 percent premium over Cantaloupe’s stock price from May. Currently, the company’s Read more...