Stone Increases Cash Portion of Consideration for Business Combination With Linx
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: GlobeNewswire
SÃO PAULO, Brazil, Nov. 17, 2020 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE) (“Stone”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that it raised the cash portion of the consideration to be paid to Linx shareholders in connection with the definitive agreement for STNE Participações S.A. (“STNE”), a controlled company of Stone that holds the software investments business of the Stone group in Brazil, to merge its business with Linx S.A. (B3: LINX3; NYSE: LINX) (“Linx”), a leading provider of retail management software in Brazil (“Transaction”). Conditioned on the approval on the Linx Extraordinary Shareholders meeting on November 17th, 2020, Stone increased the cash portion of the consideration to be paid to Linx shareholders by R$ 1.50 per share. As a result, each Linx share will receive cash consideration of R$ 33.56 plus 0.0126774 Stone Class A common shares, increasing
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STNE
Earnings
- 3/18/24 - Beat
STNE
Sec Filings
- 3/21/24 - Form 6-K
- 3/18/24 - Form 6-K
- 3/18/24 - Form 6-K
- STNE's page on the SEC website