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Brazil's ClearSale, Experian's Serasa reach tie-up deal
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Brazil's ClearSale, Experian's Serasa reach tie-up deal
Oct 4, 2024 8:16 AM

SAO PAULO, Oct 4 (Reuters) - Brazilian cyber security

firm ClearSale said on Friday it has entered into a

deal to combine with local Experian ( EXPGF ) subsidiary Serasa

under which all of its shares will be incorporated by Serasa

Experian.

Each common share of ClearSale will be exchanged for a

Serasa Experian redeemable share valued at 10.56 reais, a

securities filing showed. That represents a 23.5% premium over

the Brazilian stock's Oct. 3 closing price.

The agreement was reported by Brazil Journal earlier in the

day.

ClearSale noted the deal will require approval from local

regulators.

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