Pague Menos

On May 18, Reuters was more than 7 minutes ahead of the competition with news that Brazilian drugstore chain Pague Menos agreed to acquire rival Extrafarma from industrial holding company Ultrapar for 700 million reais ($133.06 million).

Market Impact

Shares of Pague Menos jumped nearly 10% on news of the deal.

Article Tags
Topics of Interest: Health
Type: Reuters News First
Sectors: Pharmaceuticals & Healthcare
Regions: South America
Countries: Brazil
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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