Ron Burgundy Posted August 15, 2015 Share Posted August 15, 2015 Totvs SA, the largest Latin American producer of enterprise software, agreed on Friday to buy Brazilian rival Bematech SA for about 556 million reais ($156 million) in cash and stock, creating a company whose software will cater to more than half the restaurants, retailers and hotels in the country. Under terms of the transaction outlined in a public statement, Bematech shareholders will receive 9.35 reais in cash minus intermediary dividends, plus 0.0434 Totvs stock for each of their shares. Based on those terms, Totvs would be paying a premium of about 54 percent over Bematech's closing price on Thursday and the equivalent of 7.2 times Bematech's estimated operational earnings this year, according to Thomson Reuters calculations. View the full article Quote Link to comment Share on other sites More sharing options...
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