MS Alpa Participacões Ltda., an entity owned by Cambuhy Alpa Holding Ltda., and Alpa Fundo de Investimento em Acões, who are part of Alpargatas’ controlling shareholders group, have offered to purchase an additional 32 million shares in the Brazilian footwear company on the open market for 10.50 Brazilian reals each for a total of BRL 336.0 million ($67.6 mm). The bid, valid for 30 days starting May 23, represents a 17.2% premium on the May 19 $R8.96 closing price on ... Log in to view full article.