MAM pays high price to woo Alliar shareholders

MAM pays high price to woo Alliar shareholders

Corporate & Sovereign Strategy Equity M&A Brazil Capital Markets Asset Management Healthcare

The controlling shareholders of Brazilian medical services company Alliar finally bowed to pressure from MAM Asset Management and agreed to sell their 53% stake in the company after months of wrangling, according to a securities filing. Alliar said its owners had accepted MAM's offer of BRL20.50 ($3.66) per share after rejecting previous offers from MAM and signing a pact in August to bar any sale for at least six months. MAM, which is controlled by activist investor Nelson Tanure, acquired 27.4

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