Hypermarcas Jumps on Report BTG to Join Controlling Block
Hypermarcas SA (HYPE3), a Brazilian consumer goods maker, headed for the biggest gain since August after a report that Banco BTG Pactual SA is in talks to join a controlling block of shareholders.
Sonia Racy, a columnist for the O Estado de S. Paulo newspaper, reported that BTG is in talks to join the controlling block of Hypermarcas, without saying where she obtained the information.
BTG and Hypermarcas each declined to comment, according to external press officers who asked not to be identified in accordance with company policy.
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