Cielo Shareholders to Seek Higher Price in Buyout Offer [BNN Bloomberg (Canada)]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
Company Research
Source: BNN Bloomberg
planning to negotiate for a higher price, according to people familiar with the matter. Banco do Brasil SA and Banco Bradesco SA, which jointly control Cielo, are offering 5.35 reais ($1.07) per share, a 6% premium from the closing price on Feb. 5, the day the tender offer was launched. But smaller shareholders are prepared to hold out until the offer is raised to above 6 reais per share, said the people, asking not to be identified because the matter is private. Brazilian fund managers have started making calls to some of those investors to gauge their interest in forming a committee, the people said. The dispute threatens to throw a hurdle into a plan by the banks to take full ownership of Cielo and use it to compete for point-of-sales business. Rede, the No. 1 company in the market in terms of volume of payments processed, is owned by rival lender Itau Unibanco Holding SA. Cielo shares have fallen 1.5% over the last year compared to a 16.7% gain for the benchmark Ibovespa i
Show less
Read more
Impact Snapshot
Event Time:
BBDO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BBDO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BBDO alerts
High impacting Banco Bradesco Sa American Depositary Shares (each representing one Common Share) news events
Weekly update
A roundup of the hottest topics
BBDO
News
- Payments Firm Cielo Moves Closer to Brazil Delisting After Vote [Yahoo! Finance]Yahoo! Finance
- Payments Firm Cielo Moves Closer to Brazil Delisting After Vote [BNN Bloomberg (Canada)]BNN Bloomberg
- Banco Santander Remains Materially Undervalued [Seeking Alpha]Seeking Alpha
- Banco do Brasil: Shares Remain Attractive After The Rally [Seeking Alpha]Seeking Alpha
- Banco Bradesco: Q4 Earnings, Ugly With Prolonged Recovery Ahead [Seeking Alpha]Seeking Alpha