Friday, June 14, 2019

Netshoes retains preference for Magazine Luiza after Centauro's new offer

SÃO PAULO (Reuters)-Netshoes said in a statement on Friday that its board of directors reported not being able to evaluate in time the new purchase offer received by the owner of Centauro, maintaining the recommendation for the minor offer of the Magazine Luiza. The subject will be deliberated at Netshoes shareholders ' meeting this Friday. On Thursday night, the SBF, owner of Centauro, presented a new offer by the company, evaluating it in 127 million dollars. [nL2N23K1VS] The latest offer from Magazine Luiza, presented on Thursday morning, is 115 million dollars. Netshoes claimed to have been notified that Magazine Luiza will not accept the realization of a new shareholders ' meeting to discuss the issue. In addition, it considered that a delay in deciding on the subject could create risks, given the uncertainties linked to the antitrust review process, at a time when Netshoes suffers severe liquidity conditions.
DCI - 14/06/2019 News Item translated automatically
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