Netshoes (CAYMAN) logo

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 £234.5m
Position in Universe th / 7386

BRIEF-Netshoes Announces Receipt Of Revised Centauro Offer

Fri 14th June, 2019 5:13am
June 14 (Reuters) - Netshoes (Cayman) Ltd  NETS.N :
    * NETSHOES ANNOUNCES RECEIPT OF REVISED CENTAURO OFFER AND
THAT
THE NETSHOES BOARD IS UNABLE IN THE AVAILABLE TIME TO REACH A
DETERMINATION AS TO THE CENTAURO OFFER AND REAFFIRMS
RECOMMENDATION FOR A TRANSACTION WITH MAGAZINE LUIZA
    * REVISED PROPOSAL WHERE NETSHOES SHAREHOLDERS WOULD RECEIVE
A
PAYMENT IN CASH OF US$4.10 FOR EACH SHARE
    * NETSHOES (CAYMAN)- CONTINUED UNCERTAINTY AS TO DURATION OF
ANTI-TRUST REVIEW PROCESS, WHICH CREATES RISK TO CO IN VIEW OF
ITS SEVERE LIQUIDITY CONSTRAINTS
    * CO'S BOARD UNANIMOUSLY REAFFIRMS IN ACCORDANCE WITH MERGER
AGREEMENT, ITS RECOMMENDATION IN FAVOR OF MAGALU TRANSACTION
    * TIMING OF CENTAURO TRANSACTION, INCLUDING AS TO
SHAREHOLDER
APPROVALS AND ANTI-TRUST APPROVALS, REMAINS UNCERTAIN
    * MAGALU HAS ADVISED COMPANY'S REPRESENTATIVES THAT IT WILL
NOT
AGREE TO A SECOND ADJOURNMENT OF SHAREHOLDERS' MEETING.

Source text for Eikon:  ID:nBw3DC4K2a 
Further company coverage:  NETS.N 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2022, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.