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BlackRock Latin American Investment Trust delivering strong absolute returns

BlackRock Latin American Investment Trust plc (LON:BRLA) has released its Annual Results Announcement for 2023. Learn more about their performance here. ....

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Grupo Soma Shares Drop 8.6% After Weak 2Q Earnings

By Jeffrey T. Lewis SÃO PAULO Grupo de Moda Soma's shares fell 8.6% after the Brazilian clothing retailer reported weak earnings for the second quarter.. ....

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Brazil's Soma raises $169 mln in share offering

Brazil's Soma raises $169 mln in share offering
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Brazil's Soma in talks to acquire Cia Hering for $967 million

Brazil's Soma in talks to acquire Cia Hering for $967 million
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Brazil's Soma in talks to acquire Cia Hering for US$967 million

RIO DE JANEIRO, BRAZIL - Brazilian apparel retailer Grupo de Moda Soma is in exclusive talks to acquire Cia Hering for R$5.3 billion (US$967 million) in a cash and share deal, according to securities filings by both companies on Monday.
The acquisition will involve a cash payment to Hering shareholders of 9.630957 reais per share, plus 1.625107 share of Grupo Soma, the filing said, for a total value of 32.54 reais per share.
The deal offers Hering’s shareholders a premium of 43.5% over Friday’s closing share price.
Shares in Hering rose almost . . .
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