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Article Date: June 2019
Word Count: 108

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.


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