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NETS - Netshoes (CAYMAN) News Story

$3.7 -0.1  -2.6%

Last Trade - 14/06/19

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £234.7m
Position in Universe th / 7292

Brazil's Magazine Luiza says Netshoes approves its takeover bid

Fri 14th June, 2019 4:28pm
SAO PAULO, June 14 (Reuters) - Brazilian retailer Magazine
Luiza SA  MGLU3.SA  said that shareholders of online sports
retailer Netshoes Ltd  NETS.N  approved its bid for the company
at $3.70 per share, according to a securities filing on
Thursday.
    Magazine Luiza, which was bidding against rival retailer
Grupo SBF  CNTO3.SA  to buy Netshoes, said the transaction will
be concluded by June 19.

 (Reporting by Ana Mano
Editing by Chizu Nomiyama)
 ((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob:
+55-119-4470-4529; Reuters Messaging:
ana.mano.thomsonreuters.com@reuters.net))
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