Cielo Shareholders to Seek Higher Price in Buyout Offer [Yahoo! Finance]
BANCO DO BRASIL SA S/ADR (BDORY)
NASDAQ:AMEX Investor Relations:
bb.com.br/pbb/pagina-inicial/investor-relations
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Source: Yahoo! Finance
planning to negotiate for a higher price, according to people familiar with the matter. Most Read from Bloomberg A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China Ukraine's Army Chief Replaced After Rift With Zelenskiy Epstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings Claim Bonds Fall After $25 Billion Sale as Stocks Churn: Markets Wrap Einhorn Says Markets ‘Fundamentally Broken' By Passive, Quant Investing 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 disp
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