StoneCo (STNE) received multiple nonbinding acquisition proposals for Linx but the offers were below the price it paid for the software platform in 2020, Reuters reported Wednesday, citing three people familiar with the negotiations.
Six of 20 potential bidders that agreed to non-disclosure terms to access sale information have submitted nonbinding offers, two of the people reportedly said.
Brazilian company Totvs and Canada's Constellation Software are among potential bidders, Reuters reported, citing the sources.
StoneCo would likely not consider selling its software unit for less than 5 billion Brazilian reais ($841.8 million), a source told Reuters, after buying Linx for 6.7 billion reais in 2020. The company has so far received offers that were more than 50% lower than what it paid for Linx in 2020, another source told Reuters.
StoneCo, Linx, Totvs and Constellation Software did not immediately respond to MT Newswires' requests for comments.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。