Mergers & Acquisitions Mergers & Acquisitions

Stone asks CADE Tribunal to reject rivals’ appeals of Linx buy, says they seek only to delay deal's closing

By Flavia Fortes
  • 15 Apr 2021 14:13
  • 11 May 2021 08:29
Stone has asked the Tribunal of the Brazilian competition authority to reject appeals from Cielo, Adyen and Banco Safra to review the payments-processing company’s proposed acquisition of software maker Linx, saying the rivals are only seeking to delay the closing of the deal.

“The appeals only repeat arguments presented to the [investigatory unit]

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