Magazine Luiza Matches Centauro Bid for Netshoes
The battle for Netshoes assets may finally be nearing a conclusion as e-commerce operator Magazine Luiza upped its bid to $3.70 per share, matching an unsolicited offer by Centauro, Brazil’s largest sporting goods retailer. As part of the revised merger agreement, Magazine Luiza also received a considerably sweetened breakup fee of $6 million compared ... Log in to view full article.
