Brazilian retailer Magazine Luiza SA said in a filing on Monday it agreed to buy...
FILE PHOTO: The logo of retail Magazine Luiza S.A. is seen at their logistics center in Louveira, Brazil April 24, 2018. REUTERS/Paulo Whitaker
Magazine Luiza offered to pay $2 a share. Rival Brazilian retailer B2W had said earlier in April it was considering the acquisition of Netshoes. Last August, Reuters reported that Netshoes had hired Goldman Sachs to seek an investor to inject cash in the company and restructure its debt.
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