Mergers & acquisitions (M&A)

Oct 7Official filingComunicaçõesTechStocksM&A

Claro NXT files unified tender offer to delist Desktop at R$ 19.1261 per share

Controlling shareholder Claro NXT Telecomunicações filed a request on October 2, 2026, with the CVM, Brazil's securities regulator, to launch a unified tender offer for Desktop S.A. The proposal combines the acquisition of corporate control, the conversion of Desktop's issuer registry from Category A to Category B, and its delisting from the Novo Mercado segment of B3, Brazil's stock exchange.

• Claro NXT filed for a unified tender offer to acquire up to all Desktop shares at a base price of R$ 19.1261 per share, adjusted by the Selic rate from October 1, 2026.
• Payment includes a retained portion of R$ 1.5051 per share, conditional on potential contingency liabilities, alongside a net debt adjustment as of September 30, 2026.
• The offer submitted to CVM, Brazil's securities regulator, seeks Desktop's exit from B3 Novo Mercado and conversion to Category B, with Bradesco BBI as intermediary.

Sources:CVM - Documentos IPE (PDF)

Oct 7Official filingConsumo CíclicoStocksM&A

Invesco cuts stake in homebuilder Cyrela below 5% threshold

Asset manager Invesco Ltd. cut its equity holding in residential developer Cyrela Brazil Realty S.A. to below 5% of total common shares issued. Cyrela received formal notification of the position reduction on October 6, 2026.

CYRE3

• Invesco Ltd. reduced its stake in Cyrela to 19,033,223 common shares, representing 4.96% of total common shares issued by the company on October 6, 2026.
• The investor also holds 594,814 preferred shares, or 0.86% of Cyrela's preferred shares, as disclosed under rules from the CVM, Brazil's securities regulator.
• Invesco stated the equity holding is strictly for investment purposes, with no intent to alter Cyrela's control or administrative structure or execute voting rights contracts.

Sources:CVM - Documentos IPE (PDF)

Oct 7Capital Markets & M&AStocksM&A

B3 targets technology and fixed income expansion under new management

Chief Executive Officer Christian Egan, who took charge in mid-July, plans to streamline operational structure at exchange operator B3 to accelerate product growth, according to Bank of America. Management expects fixed income trading to approach equity volumes over time while focusing M&A strictly on small domestic technology additions.

• Christian Egan assumed executive leadership of B3 in mid-July 2026.
• BofA reported that international acquisitions are ruled out by current management.

Sources:Valor Econômico

Oct 7Consumo CíclicoStocksM&A

OranjeBTC grants executive stock option at R$ 15.72 strike price

OranjeBTC issued its first stock option award under its long term incentive program on October 6, 2026, granting an executive the right to purchase up to 880,000 common shares. The exercise price of R$ 15.72 per share represents a 96.3% premium over the reference market price of R$ 8.01 set on October 5. Vesting runs monthly until September 30, 2027, with exercise permitted through September 30, 2030.

• The option allows the executive to acquire up to 880,000 common shares.
• The R$ 15.72 strike price sits 96.3% above the R$ 8.01 reference price recorded on October 5.
• Options will enter fully diluted share calculations only if market prices reach or exceed R$ 15.72.

Sources:Money Times