Linx (LINX) in final negotiations aiming at possible business combination with StoneCo (STNE)
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StoneCo (STNE) Prices 27.375M Class A Share Follow-On Offering at $47.50/Sh
August 13, 2020 6:07 AM EDTStoneCo Ltd. (NASDAQ: STNE) today announced the pricing on August 12, 2020 of a follow-on offering of 27,375,000 of its Class A common shares at a public offering price of $47.50 per share. The shares are being offered by Stone pursuant to an effective shelf registration statement on file with the... More
StoneCo (STNE) Enters Business Combination Agreement With Linx (LINX)
August 11, 2020 5:11 PM EDTStoneCo Ltd. (Nasdaq: STNE) (Stone or the Company), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that it has signed a definitive agreement for STNE Participações S.A., a controlled company of Stone that holds the software investments business of the Stone group in Brazil, to merge its business with Linx (NYSE: LINX), a leading provider of retail management software in Brazil.
Overview of Linx
Linx is a leading technology company that develops and provides affordable,... More
