Totvs (TTVSY), a Brazilian software company, has resumed talks to acquire StoneCo’s (STNE) Linx unit, signing an agreement to have exclusivity in the negotiations for a set period, Reuters’ Andre Romani reported on Friday. Totvs said in February that it had decided to withdraw from the competitive process to buy Linx, without providing further details. “The parties retain full discretion to proceed or not with the transaction,” Totvs said in a securities filing on Friday, adding that a potential acquisition will still require the signing of definitive agreements, as well as regulatory and legal approvals.
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