November 30, 2021 |
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
Brazilian asset management company could end up spending $411 mln to buy the medical services company, analyst says