December 31, 2019
Brazil's MRV Engenharia has revised its offer to invest in AHS Residential, looking to acquire a 94.5% stake and invest $236 million in the Florida-based homebuilder.
MRV initially outlined $220 million to $250 million in investments in AHS in September, but it postponed the deal to hear concerns from minority shareholders.
In the revised offer, MRV co-founder and CEO Rubens Menin will own 37.8% of the Belo Horizonte-based real estate company, up from 32.5%, rather than keep a stake in AHS, acc
Brazilian real estate company looks to acquire control of AHS and invest $236 mln in the US firm