StoneCo sweetens offer to win over Linx shareholders

StoneCo sweetens offer to win over Linx shareholders

Corporate & Sovereign Strategy Equity M&A Telecoms Brazil Latin America

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

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