StoneCo (STNE) Enters Business Combination Agreement With Linx (LINX)
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Stone Enters Business Combination Agreement With Linx
August 11, 2020 5:10 PM EDTSÃO PAULO, Brazil, Aug. 11, 2020 (GLOBE NEWSWIRE) -- StoneCo 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 (B3: LINX3; NYSE: LINX), a leading provider of retail management software in Brazil.
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