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Brazil’s Linx Hires BR Partners To Advise On Potential Deal

 |  September 8, 2020

Brazilian software firm Linx (LINX3.SA) has hired BR Partners to help it analyze acquisition proposals it has received from Totvs (TOTS3.SA) and StoneCo (STNE.O), who have both entered a bidding war for the company.

Totvs said last week that it would offer to pay a fine of 100 million reais ($18.55 million) to Linx if Brazil’s antitrust agency Cade blocked a potential combination between the two firms.

Full Content: Reuters

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