StoneCo to merge with Linx in a $1.1bn deal.

StoneCo, a provider of financial technology solutions, agreed to merge with Linx, a provider of retail management software in Brazil, in a $1.1bn deal. "I believe this will help us to become the one stop shop for merchants of all sizes, supporting them in the online as well as in the offline world. We will continue to focus on building solutions by applying best practices in technology, with constant client feedback and the use of data to drive product improvement roadmaps,” Thiago Piau, StoneCo CEO. On November 5, 2020, a proxy advisor Institutional Shareholder Services said that shareholders of Linx should vote against a takeover by StoneCo, as the offer does not represent a premium to prices before Covid-19 and appears to be in the trading range of the stock during 2019.