Mobly and Tok & Stok live imbrolio months after companies union (image: Disclosure/ Tok & Stok)
The situation between Mobly (MBLY3) and Tok & Stok It doesn’t seem to be the best. In the most recent chapter of the imbroglio among companies, Mobly’s charged on health plan disbursements in favor of Tok & Stok beneficiaries.
According to a statement from Mobly, sent to the market on Wednesday (16), there was the identification of monthly disbursements to pay health insurance in favor of former Tok & Stok counselors members of the Dubrule family and almost 30 family members and others linked to them, “without any contractual or legal foundation, nor social interest in such payment.”
“It is estimated that the updated amount of improper disbursement totals more than R $ 5.2 million. Due to the above, Tok & Stok has notified such former counselors to inform them about the termination of disbursements, as well as the full refund of said value within 5 days, ”says the document.
Less than a year after the union of furniture and decoration retail giants, a public offer of stocks on Mobly is also on the radar, disagreeing with the price of supply and financial challenges.
Public Offer of Action is at the table
This week, Mobly received from Regain Participações and from Paul Jean Marie Dubrule The Notice of Public Offer for Acquisition (OPA) up to 100% of actions the company, with the price of R $ 0.68 by action.
“The company’s board of directors is evaluating the OPA terms and its impacts together with its advisers and will disclose the market, within 15 days of this date, a prior opinion based on the OPA,” Mobly said in the document.
The family supports the request in a debt greater than R $ 600 million And to the fact that Mobly had not generated profit since Ipo in 2021. In the last closing, on April 14, MBLY3 actions were quoted to R $ 0.97, More than 95% below the price of IPO, of $ 21 per share.
In addition, the Dubrule family has announced its intention to capitalize on Mobly if the OPA is successful. Régis Edouard Alain Dubrule, Ghislaine Thérèse of Vaulx Dubrule and Paul Jean Marie Dubrule committed to invest R $ 100 million in the company, depending on the settlement of the OPA.
The family also pledged to convert their debentures Tok & Stok (in the updated amount of R $ 56.5 million) in Mobly shares and capitalizing the R $ 68.8 million credit that holds against Tok & Stok.
Fusion between Mobly and Tok & Stok
In August 2024, Mobly announced agreement with Tok & Stok’s manager SPX to take control of the company. The merger created a giant in the furniture and decoration market, with an estimated annual revenue of R $ 1.6 billion. However, the deal was not well received by the founding family of Tok & Stok, who appealed to court to contest the operation.
Source: Moneytimes
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