May 27, 2019 / 12:22 AM / a month ago

Brazil's Magazine Luiza raises offer to buy Netshoes

May 26 (Reuters) - Netshoes Ltd said on Sunday Brazilian retailer Magazine Luiza SA had raised its offer to buy the online shoe retailer to $3 per share from $2 per share.

The latest offer would value the company at around $93.18 million.

Netshoes’ board has approved the amendment and recommended that shareholders favor it, the company said in a statement.

Reporting by Kanishka Singh in Bengaluru Editing by Susan Thomas

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below