SÃO PAULO (Reuters) – Totvs () denied this Tuesday that it had presented an offer to purchase the retail software producer Linx, but that it could present a non-binding proposal for the company.
In a relevant fact to the market, Totvs stated that “it did not present any proposal for the acquisition of Linx”.
“The company is advancing its internal governance process, under the supervision of its board of directors, which may culminate in the presentation of an indicative and non-binding proposal, within the scope of a competitive process, which has not occurred to date,” he added. to Totvs.
The comments were made after Totvs was cited by the media as one of six companies that made a proposal to buy Linx from current parent company StoneCo.
In mid-September, Reuters published that StoneCo hired JPMorgan and Morgan Stanley to sell Linx, purchased by the company in 2020 for 6.7 billion reais, two sources familiar with the matter said.
Stone and Totvs competed to buy Linx through a bidding war in 2020. At the time, Totvs was interested in combining its software operations in areas such as manufacturing, distribution, services and agribusiness with Linx’s strong presence in retail.
