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Linx says Stone's offer arrived earlier than Totvs's

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Linx, a retail management software company being disputed by card acquirer Stone and technology company Totvs, said Monday that, contrary to the latter's recent statement, it had not received an official offer from Totvs prior to the board meeting at which it accepted Stone's offer. On August 11, Stone unveiled an offer of R$6.04 billion for Linx, of which 90% in cash and 10% in shares. Totvs offered R$6.1 billion. Totvs published a letter Friday saying that it already had an offer ready to be sent to Linx on August 10. On Monday, Totvs...

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