BM&FBovespa Tumbles on Speculation Offer for Cetip Will IncreaseBy
Cetip rejected $2.7 billion proposal to merge with exchange
Offer undervalues its business, the fixed-income platform said
BM&FBovespa SA, the operator of Brazil’s stock and derivatives exchange, slumped on speculation it will have to boost its $2.7 billion takeover offer for Cetip SA after its management rejected the bid as too low.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.