- Reuters
UPDATE 2-Cielo's controlling shareholders reach deal to lift tender offer price
The controlling shareholders of Brazilian payments firm Cielo have reached an agreement with some minority shareholders to raise the price of a tender offer to take the company private, according to a securities filing on Tuesday. Under the agreement, lenders Banco do Brasil and Bradesco have committed to raise the offer price to 5.60 reais per share from 5.35 reais per share. That would lift the deal's total amount to 6.17 billion reais ($1.22 billion) if the lenders acquire all shares in Cielo they do not own, up from the 5.9 billion reais seen before.
- Reuters
Brazil Cielo's controlling shareholders reach agreement to lift tender offer price
The controlling shareholders of Brazilian payments firm Cielo have reached an agreement with some minority shareholders to raise the price of a tender offer to take the company private, according to a securities filing on Tuesday. Under the agreement, lenders Banco do Brasil and Bradesco have committed to raise the offer price to 5.6 reais per share from 5.35 reais per share.
- Reuters
Controlling shareholders bid to take Brazil payments firm Cielo private for $1.2 billion
SAO PAULO (Reuters) -Payments company Cielo said on Monday a trio of Brazilian firms including its controlling shareholders had launched a tender offer to take it private in a deal that could be worth up to 5.90 billion reais ($1.18 billion). Lenders Bradesco and Banco do Brasil, which together hold almost 60% of Cielo, are making the offer together with their shared holding company, Grupo Elopar. The offer would be at 5.35 reais per share, a 6.4% premium from Monday's closing price, Banco do Brasil and Bradesco said in separate filings.
