B2W to acquire Lojas Americanas for c. $1.2bn.

B2W, a Brazilian retailer, agreed to acquire Lojas Americanas, a retail chain, for c. $1.2bn. As part of the deal, shareholders in Lojas Americanas will receive 0.18 B2W common share per Lojas share. Together firms will have c. 1.7k physical stores in 750 cities throughout Brazil. The deal is subject to the approval of shareholders of both companies. The meeting to vote is scheduled for June 10, 2021.