Totvs extends offer deadline for Linx

Totvs extends offer deadline for Linx

Capital Markets Corporate & Sovereign Strategy Equity M&A Brazil Latin America

Brazilian software company Totvs said late on Friday it would extend by a month the deadline for Linx to consider its merger offer after rival StoneCo upped its own bid last week. Totvs said it would extend the deadline for Linx to respond to its offer until October 13 and reiterated its request that all proposals to Linx be submitted to the same shareholders of the software company at the same time. "Despite no formal statement, to this date, by Linx's management on the firm and detailed propos

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