Brazil's BM&FBovespa raises offer for Cetip in binding offer

viernes 19 de febrero de 2016 17:17 GYT

SAO PAULO Feb 19 (Reuters) - BM&FBovespa SA, Latin America's largest bourse, on Friday sweetened a bid for rival clearinghouse Cetip SA Mercados Organizados.

In a securities filing, BM&FBovespa presented a binding offer worth 41 reais per Cetip share. In a separate filing, the board of São Paulo-based Cetip said it will evaluate the terms of BM&FBovespa's revised offer.

The bourse had presented late last year a non-binding offer worth 39 reais a share. (Reporting by Guillermo Parra-Bernal and Reese Ewing; Editing by Chris Reese)