Alpargatas Moves To Take Over Argentine Unit

2009-10-16T00:00:00

The Brazilian footwear and sporting goods manufacturer São Paulo Alpargatas has asked the Argentine market regulator Comisión Nacional de Valores (CNV) to approve its plan to launch a bid to buy the outstanding shares in its subsidiary Alpargatas Argentina at a price of 3.40 Argentine pesos (€0.60-$0.89) per share.

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