financetom
Business
financetom
/
Business
/
Brazil's antitrust body to approve Petz, Cobasi merger, local media reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's antitrust body to approve Petz, Cobasi merger, local media reports
May 26, 2025 10:35 AM

SAO PAULO (Reuters) -Brazil's antitrust body Cade is set to approve this week, without restrictions, the merger of two retailers of products for pets, Cobasi and Petz, local news outlet Brazil Journal reported on Monday, citing sources.

An approval could mark Cade's final green light for the merger, but only if no appeal is filed within 15 days. If this happens, the case could be decided by an internal Cade panel.

Cade, Petz and Cobasi did not immediately respond to a request for comment outside normal business hours.

The cash and share swap deal, which is set to join together Brazil's two largest pet product retailers, was first announced in April last year.

Brazil Journal said the approval was expected as together the two firms would nevertheless count on a low market share.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
H.B. Fuller Fiscal Q4 Adjusted Earnings Fall, Revenue Rises; Issues Guidance
H.B. Fuller Fiscal Q4 Adjusted Earnings Fall, Revenue Rises; Issues Guidance
Jan 15, 2025
04:22 PM EST, 01/15/2025 (MT Newswires) -- H.B. Fuller Company ( FUL ) late Wednesday reported fiscal Q4 adjusted diluted earnings of $0.92 per share, down from $1.32 a year earlier. Analysts polled by FactSet expected $1.00. Net revenue for the quarter ended Nov. 30 was $923.3 million, up from $902.9 million a year earlier. Analysts surveyed by FactSet expected...
Serina Therapeutics Sells UniverXome Unit
Serina Therapeutics Sells UniverXome Unit
Jan 15, 2025
04:20 PM EST, 01/15/2025 (MT Newswires) -- Serina Therapeutics ( SER ) said Wednesday it sold its UniverXome subsidiary. The deal, which was finalized on Dec. 23, cut $11.2 million in associated subsidiary-level debt, Serina said, adding it now has a debt-free balance sheet. The unit was set up before Serina's reverse merger with AgeX Therapeutics in March 2024 to...
US FDA approves expanded use of Lilly's bowel disease drug
US FDA approves expanded use of Lilly's bowel disease drug
Jan 15, 2025
Jan 15 (Reuters) - Eli Lilly ( LLY ) said on Wednesday the U.S. health regulator has approved its drug to treat adults with moderate-to-severe Crohn's disease, a type of chronic inflammatory bowel disease. ...
Collective Mining Expanding Newly Discovered High-Grade Subzones in Apollo
Collective Mining Expanding Newly Discovered High-Grade Subzones in Apollo
Jan 15, 2025
04:22 PM EST, 01/15/2025 (MT Newswires) -- Collective Mining ( CNL ) ) at the close of trade Wednesday released assay results for the second of a series of perpendicularly drilled directional holes, designed to test the potential of newly modeled broad and high-grade subzones within the Apollo system, located within the company's multi-target Guayabales Project in Caldas, Colombia. A...
Copyright 2023-2026 - www.financetom.com All Rights Reserved