Cielo (CIEL3) shareholders rejected this Tuesday (23) the requirement for a second appraisal report of the company’s shares within the scope of the public offer for acquisition of shares (OPA) made by Bradesco (BBDC4) and Banco do Brasil (BBAS3). The decision paves the way for the delisting of the acquiring company.
“In this way, one of the suspensive conditions of the obligation assumed by the offerors to raise the price of the OPA if it is effectively launched remains verified, and this obligation was also conditioned on the obligations assumed by the group of minority shareholders being fully complied with. which committed to supporting the possible OPA”, says the company.
Cielo’s controllers had initially offered R$5.35 for the company’s outstanding shares. At the beginning of this month they agreed to increase the price of the delisting offer to R$5.60.
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The resource managers Encore, Clave, XP, AZ Quest, Vinland Capital and Absolute, which hold approximately 7% of the payments company’s shares, had already committed to the controllers.
Tags: shareholders reject share valuation OPA
