Sonda Goes After Quintec

Chile technology company Sonda says it has made an offer to acquire 156.5m shares, a 100% stake, of Quintec. The potential buyer says it will pay CLP150 per share, or a total of CLP23.5bn in cash. Jorge Errazuriz, vice chairman of Celfin Capital confirms the shop is advising Sonda on the offer. Sonda says that a minimum of 125.2m shares, 80% of all shares, must be tendered for the deal to go through. The offer will be valid until August 8. On July 7, Quintec shares closed up 7.1% at CLP150. Sonda’s ended up 2.1% at CLP785.