Brazil furniture retailers Mobly, Tok&Stok agree on merger terms -report

home24 SE

04/09/2023 23:19

SAO PAULO, Sept 4 (Reuters) - Brazilian furniture
retailers Mobly  MBLY3.SA  and Carlyle-owned Tok&Stok agreed on
terms for a merger, a report by local newspaper Valor Economico
said on Monday. 
    The deal would happen through a stock swap, in which Mobly's
shareholders would hold 80% of the new company, the report said.
    After the merger, Mobly's controller, Home24, would launch a
tender offer at 6.50 reais per share for the new company.
    Carlyle and Home24 would also have a lock-up period of two
years after the deal, according to the report. 
    Mobly did not immediately respond to a request to comment.
    Tok&Stok declined to comment.
     

 (Reporting by Peter Frontini)
 ((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))