|Bid||34.69 x 0|
|Ask||34.52 x 0|
|Day's Range||32.77 - 34.87|
|52 Week Range||14.64 - 38.66|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||64.22|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.05 (0.13%)|
|1y Target Est||159.54|
Brazilian retailer Magazine Luiza SA said shareholders of online sports retailer Netshoes Ltd had approved its bid for the company at $3.70 per share, according to a securities filing on Friday. The company, which had been competing with rival retailer Grupo SBF to buy Netshoes over the past few days, said the $114.9 million transaction would be concluded by June 19. Magazine Luiza's shares rose 2% on the São Paulo Stock Exchange.
Grupo SBF SA, operator of Brazil's Centauro stores, again boosted its offer for Netshoes Cayman Ltd, this time to $4.10 per share, the latest move in a bidding war over the online sports retailer with Magazine Luiza SA. According to a securities filing on Thursday night, the new offer raises the value of Grupo SBF's bid to about $127.3 million, a 10.8% rise over the previous $3.70 per share bid.
Apparel retailer Grupo SBF SA , operator of Brazil's Centauro stores, has boosted its offer for online sports retailer Netshoes Cayman Ltd to $3.70 per share, as it tries to outbid rival contender Magazine Luiza SA. Netshoes shares surged 12.5% on the news to $3.42 in New York trading. According to a securities filing late on Tuesday, the new offer raises the total value of Grupo SBF's bid to about $114.9 million, a 5.7% increase over the previous $3.50 per share bid by Centauro, which did not get a counter offer by Magazine Luiza.
Apparel retailer Grupo SBF SA , operator of Brazil's Centauro stores, has increased its offer for online sports retailer Netshoes Cayman Ltd to $3.70 per share, as it continues to try and outbid contender Magazine Luiza. According to a securities filing late on Tuesday, the new offer raises the total value of Grupo SBF's bid to about $114.9 million, a 5.7% rise over the previous $3.50 per share bid. Grupo SBF said shareholders of Netshoes are scheduled to deliberate on the transaction on June 14, and said it had sweetened the offer because of Netshoes' weak financial condition and short-term liquidity concerns.
Brazilian retailer Grupo SBF SA, which controls sports retailer Centauro, has raised its bid for Netshoes Ltd, the firm said late on Tuesday, as a bidding war for the struggling e-commerce player heated up. Brazilian electronics and appliance retailer Magazine Luiza SA first agreed to buy Netshoes in late April, offering $2 per share, but that deal was countered by a $2.80-per-share offer from Grupo SBF last week.
Brazil's Grupo SBF SA , owner of sporting goods retailer Centauro, has submitted a counteroffer of $2.80 per share to acquire online shoe retailer Netshoes Ltd, the company said in a filing on Thursday. According to the SBF filing, its board of directors unanimously approved the proposal to buy 100% of Netshoes shares. Magazine Luiza said on Thursday that Brazil's antitrust watchdog Cade has given its bid the green light.
Brazilian electronics and appliance retailer Magazine Luiza will push for high growth of its financial services division Luizacred over the next quarters, executives said on Tuesday. "Our loan book ...
Brazilian electronics and appliance retailer Magazine Luiza SA reported a quarterly net profit in line with market expectations, helped by a 28 percent increase in total sales largely driven by e-commerce. ...
Brazilian retailer Magazine Luiza SA said in a filing on Monday it agreed to buy online shoe retailer Netshoes Ltd for approximately $62 million. Magazine Luiza offered to pay $2 a share. Rival Brazilian retailer B2W had said earlier in April it was considering the acquisition of Netshoes.
Brazilian retailer Magazine Luiza on Tuesday announced it would start selling physical books online for pickup in its chain comprised of almost 1,000 stores, using its national footprint to compete with traditional booksellers and Amazon.com Inc. The move underscores Magazine Luiza's eagerness to mount a direct challenge to online retailer Amazon, which started its Brazilian operations in 2012 with e-book sales, followed by physical books two years later.
Latin American stocks and currencies fell on Thursday as risk appetite shrunk after central banks in Europe and the United States acknowledged global growth concerns, while investors eyed progress related ...
Brazilian retailers B2W and Magazine Luiza confirmed in filings on Wednesday they are considering the acquisition of online shoe retailer Netshoes Ltd. When Netshoes hired Goldman, Sachs last year, the company was seeking an investor to inject cash so it could restructure its debt. Analysts at Banco Brasil Plural said in a note to clients on Thursday that a potential acquisition would be neutral for Magazine Luiza, as the acquisition price would not strongly affect cash flow.