StoneCo includes BDRs in Linx acquisition

StoneCo includes BDRs in Linx acquisition

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

Brazilian payments processing company plans to issue Brazilian depositary receipts (BDRs) as part of its offer to buy software maker Linx, according to a statement on Tuesday evening. Selling BDRs on the B3 stock exchange in São Paulo will allow shareholders in Linx to receive a stake in StoneCo through the transaction. StoneCo has offered to buy Linx for BRL6.28 billion ($1.12 billion) with 90% in cash and 10% in shares. StoneCo, which lists its shares on the Nasdaq exchange in New York, earned

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