|Bid||21.32 x 0|
|Ask||21.33 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||38.83|
|Forward Dividend & Yield||0.34 (1.63%)|
|Ex-Dividend Date||Aug. 06, 2021|
|1y Target Est||N/A|
Shareholders in Brazilian lender Banco Pan SA and e-commerce technology company Mosaico Tecnologia ao Consumidor SA approved a previously announced tie-up on Wednesday, both companies said in securities filings. Banco Pan said in October that it had reached an all-share deal with Mosaico to acquire the company in a transation that will see Mosaico's stake in the bank at between 7.8% and 9.2%. Banco BTG Pactual SA, which is a controlling shareholder in Banco Pan, is already a shareholder in Mosaico, with a 13.3% stake.
Shares in BTG Pactual SA were up almost 3% as the Brazilian bank on Tuesday posted a third-quarter net income that beat analysts' estimates, helped by corporate lending, trading gains and capital market fees. Recurring net income came in at 1.794 billion reais ($325.57 million), up 76.6% from a year earlier and versus an analyst estimate compiled by Refinitiv of 1.574 billion reais. Total revenue jumped 55% to 3.845 billion reais, boosted by a good performance in almost all businesses, from investment banking to trading and wealth management.
Brazilian lender Banco Pan has reached an agreement to acquire e-commerce technology company Mosaico in an all-share transaction, the bank said on Sunday. Mosaico's shareholders will receive 0.8 share of Banco Pan plus a 4 real rights issue to buy the lender's share if it reaches 24 reais for three consecutive days in the next 30 months. Without the rights issue, the deal offers a nearly 10% premium to Mosaico's shareholders.