November 18, 2020 |
Brazilian payments processing company StoneCo increased the cash portion of its takeover bid for software developer Linx by BRL269 million ($50.5 million), equal to to an additional BRL1.50 per share, according to securities filing from Linx.
StoneCo said it would pay Linx's shareholders BRL33.56 in cash for each share with the remainder paid in stock in StoneCo.
"Based on the closing price of the Class A StoneCo and PTAX Shares on November 16, 2020, the total price per share of Linx correspond
Brazilian payments processing company increases the cash payment by $50.5 mln to convince 63% of Linx's owners