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Stock impact report

Linx Extraordinary General Meeting Approves Business Combination With Stone

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 the Linx Extraordinary General Meeting held on this date approved the business combination between STNE Participações S.A. (“STNE”), a controlled company of Stone that holds the software investments business of the Stone group in Brazil and Linx S.A. (B3: LINX3; NYSE: LINX) (“Linx”), a leading provider of retail management software in Brazil (“Transaction”). The Linx Extraordinary General meeting (“ESM”) held today deliberated on Stone’s Transaction and voted in favor of the following:  (a)Approval of the Protocol and Justification of Merger of the Shares issued by Linx S.A. by STNE Participações S.A.” (“Protocol and Justification”) and the merger of the totality of Linx issued shares by STNE Participações S.A; (b)Approval of the waiver Show less Read more
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