WP Itacaré, a Company Associated with Warburg Pincus, Plans to Acquire Majority Control of the Insurance Brokerage by Offering R$ 43.50 per Share. This Strategic Move Demonstrates the Intention to Expand Its Operations in the Insurance Market, Promoting Greater Competitiveness and Growth in the Sector.
Warburg Pincus Explained That the Company’s Principles and Positioning Are in Line with Its Global Investment Strategy. On the Other Hand, the Board of Alper Evaluates That the Approach of the Buying Company Does Not Differ from the Current Strategy of the Company and, Consequently, Believes That They ‘Seem Appropriate’.
At This Time, the Plan Needs to Be Approved in a General Shareholders’ Meeting Scheduled for December 7th.
WP Itacaré Is an Investment Company That Is Part of a Group of Companies, Investment Funds, and Businesses Indirectly Controlled by the American Investment Organization Warburg Pincus LLC, Specialized Exclusively in the Private Equity Sector.
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The Offer, As Disclosed, Will Aim to Acquire Up to All 19,561,704 Common Shares Issued by Alper, Excluding Treasury Shares.
Board of Directors of Alper Approves Public Offer for Acquisition by WP Itacaré
The Board of Directors of Alper Gave a Favorable Opinion on WP Itacaré’s Proposal for a Public Offer for the Acquisition of the Company (OPA). The Shareholder Aims to Acquire Control of the Insurance Brokerage at a Price of R$ 43.50 per Share.
All Six Directors Who Participated in the Meeting Regarding the Terms and Conditions of the Offer Voted in Favor of the OPA, Based on an Independent Report from a Financial Advisor Hired to Support the Analysis.
The Offer Was Approved by the Board of Directors Based on the Independent Report from the Financial Advisor
Source: InfoMoney

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