Shares in Brazilian IT services firm Tivit were delisted Friday from the Sao Paulo stock exchange Bovespa, the company said.
On December 20, a public tender offer for shares in Tivit turned over 721mn reais (US$429mn).
Tivit's controller, UK private equity fund Apax Partners' Dethalas Empreendimentos e Participacoes, bought around 37.7mn shares at 19.13 reais each, a 5.7% premium on the initially suggested price.
Dethalas had planned to buy around 38.3mn shares, representing 43.04% of Tivit's capital. It originally offered 18.10 reais per share - the same amount it paid to acquire a controlling stake in Tivit early in 2010.
By Eulina Oliveira