Brazil's Centauro lifts Netshoes buyout offer by 11% [Reuters]
NETSHOES (CAYMAN) LTD (NETS)
Last netshoes (cayman) ltd earnings: 11/13 05:09 pm
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Source: Reuters
Brazil's Centauro lifts Netshoes buyout offer by 11% SAO PAULO (Reuters) - Grupo SBF SA, operator of Brazil’s Centauro stores, again boosted its offer for online sports retailer Netshoes Cayman Ltd, this time to $4.10 per share, the latest move in a bidding war with Magazine Luiza SA. According to a securities filing on Thursday night, the new offer raises the value of Grupo SBF’s bid to about $127.3 million, a 10.8% rise over the previous $3.70 per share bid. Earlier on Thursday, Magazine Luiza matched Centauro’s previous offer of $3.70. Reporting by Gabriela Mello; Editing by Christian Plumb Our Standards: The Thomson Reuters Trust Principles.
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