Preview - Please log in to view full article.

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.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.