Linx confirms tie-up with StoneCo

Linx confirms tie-up with StoneCo

Corporate & Sovereign Strategy M&A Brazil Latin America

Brazilian software company Linx said Tuesday it is in "final negotiations" for a possible merger with card payments company StoneCo, an announcement that sent stock prices soaring for both companies. Linx said in a securities filing that it is in talks with with Stone subsidiary STNE Participações, but it did not provide details on the terms, structure or the potential value of the merger. "At the moment, there is no binding agreement executed by the company regarding this transaction and, ther

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