The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index advanced 0.5 percent to 54,429.85.
Gafisa SA (GFSA3) (GFSA3 BS) rose 16 percent to 2.48 reais, the most since October 2008. Brazil’s sixth-biggest homebuilder by sales said in a June 6 regulatory filing that it will buy the 20 percent stake it doesn’t own in Alphaville Urbanismo SA for 359 million reais ($177 million) in shares.
Common shares of Usinas Siderurgicas de Minas Gerais SA (USIM3 BS), Brazil’s second-largest steelmaker, rose 8.5 percent to 8.70 reais, the steepest gain since December, after the country’s antitrust regulator allowed shareholder Cia. Siderurgica Nacional (CSNA3) (CSNA3 BS) SA to buy more stock of its rival. CSN fell 0.4 percent to 12.55 reais.
Embratel Participacoes SA (EBTP3) (EBTP4 BS) rose 3.7 percent to 8.50 reais, the most since March 13. The telecommunication services provider said in a regulatory filing today it will pay 26.64 reais per share for Net Servicos de Comunicacao SA (NETC4 BS) in a public offering to buy all equities of the Brazilian cable TV company. Net fell 0.1 percent to 26.68 reais.
BM&FBovespa SA (BVMF3) (BVMF3 BS), the Brazilian stock-exchange operator, rose 2.9 percent to 10.29 reais, the highest price since May 8. The company said in a regulatory filing today the government of the state of Rio de Janeiro suspended its plan to take over a building owned by the company in downtown Rio de Janeiro.
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