Positivo Jumps on Sale Rumors

Shares of Brazilian computer manufacturer Positivo Informatica jumped to BRL6.16 Monday from the BRL4.75 Friday close, a 29.7% leap, following media reports that Lenovo Group and Dell are interested in acquiring it. A Positivo spokesperson denies the reports, saying that the company has “no knowledge” of such an approach. Local press reported the M&A rumor over the weekend, citing UBS Pactual as a Positivo advisor. Brazil’s Bovespa closed 8.31% firmer at 38,284 Monday amid global equity markets strength.