Cielo (CIEL3) informed this Tuesday morning (2) that its controllers agreed to increase the price of the offer for delisting from R$5.35 to R$5.60 as long as minority shareholders do not vote for the holding of new company valuation report.
The new OPA price represents a premium of 3.3% compared to Monday’s (1st) closing price of R$5.42.
It is worth remembering that based on a report produced by Bank of America, the offer value should be R$8.61 per paper.
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Cielo (CIEL3): delisting
The agreement involves the controllers, Banco do Brasil (BBAS3) and Bradesco (BBDC4), and the resource managers Encore, Clave, XP, AZ Quest, Vinland Capital and Absolute, which hold approximately 7% of the mid-market company’s shares. payments.
Cielo also informed that the Special Meeting will be held today at 10 am to vote on shareholder demands for a new valuation report.
The operation aims to convert the registration of a publicly-held company with the CVM, from category “A” to “B”. The controllers will also ask B3 to remove the company from the Novo Mercado, the segment with the greatest demands in terms of corporate governance in the Brazilian market.
Tags: controllers propose increase share acquisition offer price
