Totvs (TTVSY), a Brazilian software company, has resumed talks to acquire StoneCo’s (STNE) Linx unit, signing an agreement to have exclusivity in the negotiations for a set period, Reuters’ Andre Romani reported on Friday. Totvs said in February that it had decided to withdraw from the competitive process to buy Linx, without providing further details. “The parties retain full discretion to proceed or not with the transaction,” Totvs said in a securities filing on Friday, adding that a potential acquisition will still require the signing of definitive agreements, as well as regulatory and legal approvals.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STNE:
- Stoneco’s Strategic Divestment of Linx: A Catalyst for Enhanced Stock Value
- StoneCo Confirms Board Elections and Financial Approvals at 2025 AGM
- StoneCo call volume above normal and directionally bullish
- StoneCo price target raised to $13 from $12 at Barclays
- StoneCo upgraded to Buy from Neutral at Citi