Chile’s Sonda Ups Quintec Bid

Chilean technology company Sonda has improved its offer for 100% of Quintec’s shares to CLP165 per share, or about $49m, from CLP150 per share, or $43m in cash, after the target’s board balked at the offer. The original offer was made on July 9. Celfin Capital is advising the buyer. On August 4, Sonda’s shares closed up 1.2% at CLP777. Quintec’s shares closed up 1.2% at CLP167.