Your email has been successfully added to our mailing list.

×
-0.00242013552758958 -0.00580832526621478 -0.00726040658276857 -0.00629235237173277 0.00145208131655378 0.00580832526621496 0.00774443368828655 0.00774443368828655
Stock impact report

Stone unimpressed by non-binding offers for Linx, sources say [Yahoo! Finance Canada]

StoneCo Ltd. - Class A Common Share (STNE) 
SAO PAULO (Reuters) - Brazilian financial tech firm StoneCo has received multiple nonbinding offers for its software unit Linx, but the bids so far are below what it paid for the asset in 2020, according to three people familiar with the negotiations. StoneCo, which is listed in New York, bought Linx for 6.7 billion reais ($1.14 billion) four years ago. As of now, 20 potential bidders have signed non-disclosure agreements to have access to information regarding the sale, two of the people told Reuters. The companies include Brazilian software firm Totvs SA and Canada's Constellation Software, according to the same sources. Of the 20, six firms have made non-binding offers, the sources said. Totvs this week confirmed an ongoing process which may result in a nonbinding proposal. The firm said it has not yet made an offer to buy Linx. Constellation did not immediately reply to requests for comment. StoneCo declined to comment. A person familiar with the bidding process s Show less Read more
Impact Snapshot
Event Time:
STNE
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
Opt-in for STNE alerts
Opt-in for
STNE alerts

from News Quantified
Opt-in for
STNE alerts

from News Quantified