Brazil's Moreira Salles family launch bid for Alpargatas shares
- 2023-05-23
An investment firm backed by Brazil’s Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA, the shoemaker said on Monday, driving its shares higher.
According to Alpargatas, which owns the Havaianas flip-flop brand, MS Alpa Participacoes said it would seek to buy up to 32 million preferred shares in the firm for 10.50 reais ($2.10) each, a premium of 17.2% over its May 19 closing price.
MS Alpa is controlled by the owners of holding firm Cambuhy and investment fund Alpa, linked to the billionaire Moreira Salles family, which are already part of Alpargatas’ control block with a total stake of about 28%.
