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Stone And Linx Enter Into Revised Terms For Business Combination, With Consideration Increase To R$35.10/Share

Amended Association Agreement Represents a Compelling Opportunity for Linx Shareholders, with consideration increase to R$35.10/share, now a 47% premium to Linx unaffected1 VWAP 60-days Reduction of maximum break-up fee

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Amended Association Agreement Represents a Compelling Opportunity for Linx Shareholders, with consideration increase to R$35.10/share, now a 47% premium to Linx unaffected1 VWAP 60-days

Reduction of maximum break-up fee to R$454million, equivalent to 7.2% of the transaction value

Revised terms for Non-Competition and Executive Engagement Agreements

New terms of the Association Agreement approved exclusively by Linx Independent Board Members, with abstention of votes by Linx Founding Shareholders

SÃO PAULO, Brazil, Sept. 01, 2020 (GLOBE NEWSWIRE) -- StoneCo Ltd. (NASDAQ:STNE) (“Stone”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that it has entered into revised terms of a definitive agreement for STNE Participações S.A. (“STNE”), a controlled company of Stone that holds the software investments business of the Stone group in Brazil, to merge its business with Linx S.A. ((B3: LINX3, NYSE:LINX) (“Linx”), a leading provider of retail management software in Brazil (“Transaction”).