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|Day's Range||2.0000 - 2.0000|
|52 Week Range||0.9523 - 2.0000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
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Brazilian electronics and appliances retailer Via Varejo SA has received an anonymous tip related to accounting irregularities which it is now investigating, the company said in a securities filing on Wednesday. Via Varejo's board has created an internal committee to look into the allegations, which were received in late September and in early October.
Brazilian retail veteran Michael Klein and his family on Friday gained control of appliance retailer Via Varejo SA from retailer GPA SA in an auction. Klein bought a smaller than anticipated additional stake in the company, but other investors pitched in and GPA ended by selling its entire stake at a higher than expected price. Combined with its previous stake of 25.4%, the Klein family will own 27%, making it the retailer's largest shareholder.
GPA, controlling shareholder of Brazil's Via Varejo and a unit of Casino Guichard Perrachon SA, said its board of directors approved the sale of all shares it owns in the retailer for a minimum price of 4.75 reais each, according to a securities filing on Wednesday. Via Varejo's controller also said it received a letter from businessman Michael Klein in which he says that in the event GPA approved the sale of its Via Varejo shares on the stock exchange, he would offer, individually or with other investors, a maximum of 4.75 reais per share in the retailer.