NETS - Netshoes (Cayman) Limited

NYSE - NYSE Delayed Price. Currency in USD
3.7000
-0.1000 (-2.63%)
At close: 6:07PM EDT
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Previous Close3.8000
Open3.7300
Bid0.0000 x 45100
Ask0.0000 x 800
Day's Range3.6800 - 3.7678
52 Week Range0.9500 - 3.8500
Volume1,980,473
Avg. Volume787,431
Market Cap114.908M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateApr 29, 2019 - Apr 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est282.97
Trade prices are not sourced from all markets
  • Business Wire

    Netshoes Announces the Consummation of the Merger with Magazine Luiza

    Netshoes (Cayman) Limited (the “Company”) announces today the consummation of the previously announced merger with a Magazine Luiza wholly-owned subsidiary (the “Merging Company”) (the “Merger”) as a result of all conditions precedent for the consummation of this merger having been satisfied, including approval by (i) Brazilian anti-trust authorities and (ii) a 90.32% favorable vote by shareholders present, either in person or by proxy, at the Company’s extraordinary general meeting of shareholders held on June 14, 2019. Pursuant to the terms of this transaction, the Merging Company merged with and into the Company, with the Company continuing as the surviving company (the “Surviving Company”) and as a wholly owned subsidiary of Magazine Luiza S.A. As a result of the consummation of the Merger, the Company’s shareholders, other than those who have validly exercised their statutory right to dissent to the merger, will be entitled to receive the merger consideration of US$3.70 in cash per common share, without interest and less any applicable withholding taxes (the “Merger Consideration”).

  • Business Wire

    Voting Results of the Extraordinary General Meeting of Shareholders of the Company held on June 14, 2019

    Netshoes Limited provides its shareholders and the market with the final results for the votes of its extraordinary general meeting of shareholders held on June 14, 2019 .

  • Reuters

    UPDATE 1-Brazil's Magazine Luiza to buy Netshoes for $114.9 mln; shares rise

    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.

  • Business Wire

    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

    Netshoes (Cayman) Limited (NETS) announces that it has received at 6:53 p.m. and 11:00 p.m. (São Paulo time) on June 13, 2019 further revised unsolicited proposals from Grupo SBF S.A., a sociedade anônima incorporated under the laws of Brazil and with shares listed in the Brazilian stock exchange (B3) under ticker “CNTO3” (“Centauro”), for purchase of all of the outstanding common shares of Netshoes through a merger transaction pursuant to which Netshoes shareholders would receive a payment in cash of US$4.10 for each share (the “Centauro Offer”). As previously announced, on June 13, 2019 Netshoes entered into a second amendment to the Agreement and Plan of Merger, dated April 29, 2019 and amended on May 26, 2019, by and among Netshoes, Magazine Luiza S.A. (“Magalu”) and its subsidiary (as amended from time to time, the “Merger Agreement”) to increase the Per Share Merger Consideration (as such term is defined in the Merger Agreement) from US$3.00 to US$3.70, and to increase the amount of that certain Company Termination Payment (as such term is defined in the Merger Agreement) from US$1,800,000 to US$6,000,000.

  • Reuters

    UPDATE 2-Brazil's Centauro lifts Netshoes buyout offer by 11%, deepens bidding war

    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.

  • Business Wire

    Netshoes Announces Amendment to the Merger Agreement with Magazine Luiza

    Netshoes (Cayman) Limited (NETS) announces that it has entered into a second amendment to the Agreement and Plan of Merger, dated April 29, 2019, and amended on May 26, 2019, by and among Netshoes, Magazine Luiza S.A. (“Magalu”) and its subsidiary (as amended from time to time, the “Merger Agreement”) to increase the Per Share Merger Consideration (as such term is defined in the Merger Agreement) from US$3.00 to US$3.70, and to increase the amount of that certain Company Termination Payment (as such term is defined in the Merger Agreement) from US$1,800,000 to US$6,000,000 (the “Amendment”). The Amendment was executed after careful review and consideration, by the Board of Directors of Netshoes (the “Netshoes Board”), of (i) a revised unsolicited proposal received on June 11, 2019, from Grupo SBF S.A., a sociedade anônima incorporated under the laws of Brazil and with shares listed in the Brazilian stock exchange (B3) under ticker “CNTO3” (“Centauro”), for purchase of all of the outstanding common shares of Netshoes through a merger transaction pursuant to which Netshoes shareholders would receive a payment in cash of US$3.70 for each share, and (ii) Magalu’s proposed amendments to the Merger Agreement, as set forth in the Amendment.

  • Reuters

    UPDATE 1-Brazil's Centauro boosts offer for Netshoes to outbid Magazine Luiza

    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.

  • Reuters

    Brazil's Centauro boosts offer for Netshoes, intensifying bidding war

    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.

  • Business Wire

    Netshoes Announces Issuance of Call Notice for a Shareholders’ Meeting for Approval of Merger Agreement with Magazine Luiza

    Netshoes (Cayman) Limited (NETS) announces that it has issued on June 3, 2019 a notice calling an extraordinary general meeting of shareholders to be held on June 14, 2019, at 11 a.m. (São Paulo time) (10:00 a.m. Eastern time) (“Extraordinary General Meeting”), for approval of the transactions contemplated by the Agreement and Plan of Merger entered into by and among Netshoes, Magazine Luiza S.A. (“Magalu”) and its subsidiary on April 29, 2019, as amended on May 26, 2019 (and as it may be further amended, varied or supplemented by the parties from time to time after the date hereof, including but not limited to increase the merger consideration) (the “Merger Agreement”). As previously disclosed, Netshoes received an unsolicited acquisition proposal from Grupo SBF S.A. (“Centauro”) on May 23, 2019, which was supplemented by a revised Centauro proposal on May 28, 2019 that provided for the payment of a per share consideration of US$3.50.

  • Reuters

    Brazil retailer Grupo SBF again raises offer for Netshoes

    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.

  • Business Wire

    Netshoes Announces Receipt of Revised Unsolicited Proposal from Grupo SBF S.A. and Adjournment of May 30, 2019 Shareholders’ Meeting

    Netshoes (Cayman) Limited (NETS) announces that it has received on May 28, 2019 a revised unsolicited proposal from Grupo SBF S.A., a sociedade anônima incorporated under the laws of Brazil and with shares listed in the Brazilian stock exchange (B3) under ticker “CNTO3” (“Centauro”), for purchase of all of the outstanding common shares of Netshoes through a merger transaction pursuant to which Netshoes shareholders would receive a payment in cash of US$3.50 for each share of Netshoes common stock. Centauro’s offer also set forth other features to address specific concerns previously raised by Netshoes as to its prior offer.

  • Reuters

    Brazil's SBF Group makes counteroffer for Netshoes

    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.

  • Business Wire

    Netshoes Announces Receipt of Unsolicited Proposal from Grupo SBF S.A.

    Netshoes (Cayman) Limited (NETS) announces that it has received on May 23, 2019 an unsolicited proposal from Grupo SBF S.A., a sociedade anônima incorporated under the laws of Brazil and with shares listed in the Brazilian stock exchange (B3) under ticker “CNTO3” (“Centauro”), for purchase of all of the outstanding common shares of Netshoes through a merger transaction pursuant to which Netshoes shareholders would receive a payment in cash of US$2.80 for each share of Netshoes common stock. As previously announced on April 29, 2019, following approval from the Netshoes’ board of directors, Netshoes entered into an Agreement and Plan of Merger (“Merger Agreement”) with Magazine Luiza S.A. and its wholly-owned subsidiary located in the Cayman Islands, under which Magazine Luiza S.A. would acquire all of the outstanding common shares of Netshoes at a price of US$2.00 per share in cash for each common share.

  • Business Wire

    Netshoes (Cayman) Limited: Filing of 2018 Annual Report on Form 20-F

    Netshoes Limited , has filed with the U.S. Securities and Exchange Commission its annual report on form 20-F for the year ended December 31, 2018. A copy of this report is available on the Netshoes’ Investor Relations webpage, at http://investor.netshoes.com/sec-filings.

  • Reuters

    Brazil's Magazine Luiza agrees to buy retailer Netshoes for $62 million

    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.

  • Those Who Purchased Netshoes (Cayman) (NYSE:NETS) Shares A Year Ago Have A 60% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Netshoes (Cayman) (NYSE:NETS) Shares A Year Ago Have A 60% Loss To Show For It

    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...

  • Reuters

    Brazil's B2W and Magazine Luiza considering acquisition of Netshoes

    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.

  • What Kind Of Shareholder Owns Most Netshoes (Cayman) Limited (NYSE:NETS) Stock?
    Simply Wall St.

    What Kind Of Shareholder Owns Most Netshoes (Cayman) Limited (NYSE:NETS) Stock?

    Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. A look at the shareholders of Netshoes (Cayman) Read More...

  • GlobeNewswire

    ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Netshoes (Cayman) Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Netshoes (Cayman) Limited (“Netshoes” or “the Company”) (NYSE: NETS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Specifically, the investigation will focus on Netshoes’ filings with the SEC in conjunction with its April 12, 2017, IPO to determine if the filings include materially misleading information, untrue statements, and other relevant falsehoods.

  • Business Wire

    Netshoes (Cayman) Ltd.: Third Quarter 2018 Results

    Netshoes Ltd. , Latin America’s leading online retailer of sporting and lifestyle goods, today reported unaudited consolidated financial results for the nine and three-month period ended September 30, 2018.

  • Business Wire

    Netshoes (Cayman) Ltd. Announces Date for Third Quarter 2018 Earnings Release and Conference Call

    SÃO PAULO-- -- Earnings Release scheduled for Tuesday, November 13, 2018 after the market closes Conference Call scheduled for Wednesday, November 14, 2018 at 8:30 am Netshoes Limited , Latin America’s leading online retailer of sports and lifestyle goods, will release its results for the three and nine-month period ending September 30, 2018 on Tuesday, November 13, 2018 after the market closes. Netshoes ...

  • NETSHOES CAYMAN (NETS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
    Zacks

    NETSHOES CAYMAN (NETS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

    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.