MRV interrupts US investment

MRV interrupts US investment

M&A Equity Brazil United States

Brazil's MRV Engenharia said it has interrupted plans to buy a stake in the US real estate company AHS Residential to hear concerns from shareholders. The Belo Horizonte-based homebuilder has stuck with its its recommendation to spend $200m to $250m for 20% of AHS, but the company's share prices have slumped since it announced the potential deal on September 3. Shares in MRV dropped 2.31% on Wednesday to close at BRL18.22 ($4.43). MRV has given shareholders until September 24 to submit comments

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