|Bid||0.0000 x 45100|
|Ask||0.0000 x 800|
|Day's Range||3.6800 - 3.7678|
|52 Week Range||0.9500 - 3.8500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 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.
Over the last month the Netshoes (Cayman) Limited (NYSE:NETS) has been much stronger than before, rebounding by 50%. But that isn't much consolation to those who have suffered through the declines of the last year. During...
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.
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NETSHOES CAYMAN (NETS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The founder and chief executive officer of Brazil's online shoe retailer Netshoes Ltd , Marcio Kumruian, is working with Goldman Sachs to look for a partner willing to inject cash in exchange for a stake, after the bank helped the company refinance its debt, two people with knowledge of the matter said this week. Netshoes and Goldman Sachs declined to comment. Netshoes' key shareholders, such as investment firm Tiger Global Management LLC and Singapore's sovereign wealth fund GIC Pte Ltd, are not willing to inject more cash into the company at the moment, the sources added.