STXNEWS LATAM-Tarpon offers $63 mln to buy out Cremer shareholders

Mon Apr 28, 2014 9:25am EDT

Funds managed by buyout firm Tarpon Investimentos SA offered shareholders of Cremer SA 17 reais for each outstanding share of the Brazilian medical supplies maker, according to a market filing published on Monday.

Arapaima ParticipaƧƵes, which is held entirely by Tarpon-managed funds, currently holds 71.8 percent of Cremer and offered to pay about 140 million reais ($63 million).

Cremer shares rose 2 percent in early trading on Monday to 16.4 reais per share. ($1 = 2.23 Brazilian reais)

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