Evertec to Acquire Sinqia, For R$27.19/Share
Portfolio Pulse from Charles Gross
Evertec, Inc. (NYSE:EVTC) has announced a definitive agreement to acquire Sinqia, a leading player in the software for financial services market in Brazil. The acquisition price is R$27.19 per share, with a potential increase of up to R$1.00 per share depending on the timing of the closing.
July 21, 2023 | 12:05 am
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Evertec's acquisition of Sinqia could potentially expand its market presence in Brazil, which may positively impact its stock price in the short term.
Acquisitions often lead to an increase in the stock price of the acquiring company due to the potential for increased market share and revenue. In this case, Evertec's acquisition of Sinqia, a leading player in the financial software market in Brazil, could significantly expand Evertec's presence in this market, which could lead to increased revenue and a potential increase in its stock price.
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IMPORTANCE 80
RELEVANCE 100