Edition:
United Kingdom

Magazine Luiza SA (MGLU3.SA)

MGLU3.SA on Sao Paulo Stock Exchange

234.00BRL
16 Jul 2019
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R$ 234.00
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1,076,136
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R$ 240.36
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R$ 114.41

Latest Key Developments (Source: Significant Developments)

Netshoes Announces Receipt Of Revised Centauro Offer
Friday, 14 Jun 2019 

June 14 (Reuters) - Netshoes (Cayman) Ltd ::NETSHOES ANNOUNCES RECEIPT OF REVISED CENTAURO OFFER AND THAT THE NETSHOES BOARD IS UNABLE IN THE AVAILABLE TIME TO REACH A DETERMINATION AS TO THE CENTAURO OFFER AND REAFFIRMS RECOMMENDATION FOR A TRANSACTION WITH MAGAZINE LUIZA.REVISED PROPOSAL WHERE NETSHOES SHAREHOLDERS WOULD RECEIVE A PAYMENT IN CASH OF US$4.10 FOR EACH SHARE.NETSHOES (CAYMAN)- CONTINUED UNCERTAINTY AS TO DURATION OF ANTI-TRUST REVIEW PROCESS, WHICH CREATES RISK TO CO IN VIEW OF ITS SEVERE LIQUIDITY CONSTRAINTS.CO'S BOARD UNANIMOUSLY REAFFIRMS IN ACCORDANCE WITH MERGER AGREEMENT, ITS RECOMMENDATION IN FAVOR OF MAGALU TRANSACTION.TIMING OF CENTAURO TRANSACTION, INCLUDING AS TO SHAREHOLDER APPROVALS AND ANTI-TRUST APPROVALS, REMAINS UNCERTAIN.MAGALU HAS ADVISED COMPANY'S REPRESENTATIVES THAT IT WILL NOT AGREE TO A SECOND ADJOURNMENT OF SHAREHOLDERS' MEETING..  Full Article

Netshoes Announces Issuance Of Call Notice For A Shareholders' Meeting For Approval Of Merger Agreement With Magazine Luiza
Tuesday, 4 Jun 2019 

June 3 (Reuters) - Netshoes (Cayman) Ltd ::NETSHOES ANNOUNCES ISSUANCE OF CALL NOTICE FOR A SHAREHOLDERS’ MEETING FOR APPROVAL OF MERGER AGREEMENT WITH MAGAZINE LUIZA.NETSHOES- ANNOUNCES THAT HAS ISSUED ON JUNE 3, 2019 A NOTICE CALLING AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 14, 2019, AT 11 A.M.BOARD REAFFIRMS ITS EXISTING RECOMMENDATION, WITHOUT QUALIFICATION, THAT SHAREHOLDERS VOTE IN FAVOR OF THE DEAL.  Full Article

Brazil's Magazine Luiza Raises Offer To Acquire Netshoes To $3 Per Share- Filing
Monday, 27 May 2019 

May 26 (Reuters) - Magazine Luiza SA ::BRAZIL'S MAGAZINE LUIZA RAISES OFFER TO ACQUIRE NETSHOES TO $3 PER SHARE- FILING.BRAZIL'S MAGAZINE LUIZA EXPECTS AMMENDED PROPOSAL TO BE VOTED ON MAY 30 SHAREHOLDERS ASSEMBLY- FILING.DECISION TO RAISE OFFER TAKEN BY MAGAZINE LUIZA BOARD ON SUNDAY - FILING.  Full Article

Softbox Is Third Startup Acquired By Brazilian Retailer Magazine Luiza In A Year To Improve Online Sales- Filing
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Magazine Luiza SA ::BRAZILIAN RETAILER MAGAZINE LUIZA BUYS STARTUP SOFTBOX FOR UNDISCLOSED VALUE- FILING.SOFTBOX IS THIRD STARTUP ACQUIRED BY BRAZILIAN RETAILER MAGAZINE LUIZA IN A YEAR TO IMPROVE ONLINE SALES- FILING.  Full Article

EMERGING MARKETS-Latam forex, stocks extend Fed-driven rally

July 12 Most Latin American currencies extended gains on Friday after dovish signals from the U.S. Federal Reserve, with the Brazilian real holding at over three-month highs as investors welcomed progress in the government's pension reform bill. Brazil's markets have surged in recent days on prospects for the pension system overhaul, while signals from the Fed about potential interest rate cuts helped capital inflows into risky, emerging market assets. The real, up about