THE Petlove should use the last day of the deadline to file a last resort against the merger of competitors Petz (PETZ3) and Cobasiaccording to information from the columnist Lauro Gardend ‘The globe.
Earlier this month, the PET giants were approved by the Administrative Council for Economic Defense (Where) For the combination of business.
Approval occurred without restrictions by the agency and becomes definitive after 15 business days, if there is no manifestation by the Cade Court or funds by interested third parties-a deadline that expires on Monday (23).
Petlove, according to the newspaper information, must contest the opinion of the General Secretariat of Cade, that the union of the two companies does not generate threat to the consumer.
Announced in August last year, the agreement provides for incorporation of PETZ actions by a subsidiary owned by Cobasi.
Petz and Cobasi fusion
PETZ will be merged with the Cobasi Investimentos division, which will then be incorporated by Cobasi SA at the end, PETZ will become a Cobasi subsidiary, with a unification of the companies’ equity bases.
The company resulting from the merger is born with a combined net revenue of R $ 6.9 billion, EBITDA (profit before interest, taxes, depreciation and amortization) of R $ 464 million and more than 20 own brands of hygiene, food and animal lifestyle products.
With the operation, Petz investors will be 52.6% of the issuance actions of the Combined Company. Already the shareholders of Cobasi will be the holders of the other shares of the company resulting from the merger, representing 47.4% of the share capital.
PETZ shareholders will receive 0.0090445 Cobasi’s action for each PETZ3 role they detained at the time of closing the operation.
Source: Moneytimes

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