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Article Date: June 2019
Word Count: 130

Grupo SBF Raises Netshoes Bid Again


Just two days before NETS shareholders are scheduled to vote on a $3.00 per share buyout offer from Magazine Luiza, the Centauro parent bumped its competing offer to $3.70 per share from its earlier bid of $3.50. The new offer values the ailing e-commerce retailer at about $115 million, a 23% premium over the Luiza offer, and increases SBF’s working capital commitment to BRL 120 ... Log in to view full article.

 


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